Belpointe Asset Management LLC boosted its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,881 shares of the exchange traded fund’s stock after buying an additional 4,425 shares during the quarter. PowerShares QQQ Trust, Series 1 comprises 1.7% of Belpointe Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Belpointe Asset Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $7,769,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Oxbow Advisors LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 4.3% in the fourth quarter. Oxbow Advisors LLC now owns 8,040 shares of the exchange traded fund’s stock valued at $1,252,000 after purchasing an additional 330 shares during the last quarter. D Orazio & Associates Inc. grew its position in shares of PowerShares QQQ Trust, Series 1 by 15.3% in the fourth quarter. D Orazio & Associates Inc. now owns 2,492 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 330 shares during the last quarter. McQueen Ball & Associates Inc. grew its position in shares of PowerShares QQQ Trust, Series 1 by 18.3% in the fourth quarter. McQueen Ball & Associates Inc. now owns 2,168 shares of the exchange traded fund’s stock valued at $338,000 after purchasing an additional 336 shares during the last quarter. Evanson Asset Management LLC grew its position in shares of PowerShares QQQ Trust, Series 1 by 13.1% in the fourth quarter. Evanson Asset Management LLC now owns 2,928 shares of the exchange traded fund’s stock valued at $456,000 after purchasing an additional 338 shares during the last quarter. Finally, Cypress Capital Group grew its position in shares of PowerShares QQQ Trust, Series 1 by 1.5% in the third quarter. Cypress Capital Group now owns 22,601 shares of the exchange traded fund’s stock valued at $3,287,000 after purchasing an additional 341 shares during the last quarter. 40.31% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at $171.68 on Thursday. PowerShares QQQ Trust, Series 1 has a 1 year low of $129.40 and a 1 year high of $175.21.

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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.

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

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