Claraphi Advisory Network LLC Invests $803,000 in PowerShares QQQ Trust, Series 1 (QQQ) Stock

Claraphi Advisory Network LLC purchased a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 5,158 shares of the exchange traded fund’s stock, valued at approximately $803,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the third quarter worth $1,471,000. Neuberger Berman Group LLC lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 3.2% during the third quarter. Neuberger Berman Group LLC now owns 99,710 shares of the exchange traded fund’s stock worth $14,503,000 after buying an additional 3,135 shares during the period. HWG Holdings LP lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 7,350.6% during the third quarter. HWG Holdings LP now owns 20,191 shares of the exchange traded fund’s stock worth $2,937,000 after buying an additional 19,920 shares during the period. Beaton Management Co. Inc. acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the second quarter worth $745,000. Finally, SignalPoint Asset Management LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the third quarter worth $269,000. 39.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $164.61 on Monday. PowerShares QQQ Trust, Series 1 has a one year low of $125.33 and a one year high of $170.95.

WARNING: This story was originally published by Stock Observer and is owned by of Stock Observer. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.thestockobserver.com/2018/02/05/claraphi-advisory-network-llc-invests-803000-in-powershares-qqq-trust-series-1-qqq-stock.html.

PowerShares QQQ Trust, Series 1 Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ).

Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

Receive News & Ratings for PowerShares QQQ Trust Series 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares QQQ Trust Series 1 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply