Trade Report: Today, Pillar Pacific Capital Management LLC lowers its Position in PowerShares QQQ Trust Series 1 (QQQ)

Today, Pillar Pacific Capital Management LLC lowers its Position in PowerShares QQQ Trust Series 1 (QQQ)

Pillar Pacific Capital Management LLC lowered its stake in shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,558 shares of the company’s stock after selling 70 shares during the period. Pillar Pacific Capital Management LLC’s holdings in PowerShares QQQ Trust Series 1 were worth $660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of PowerShares QQQ Trust Series 1 by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,577,280 shares of the company’s stock worth $707,321,000 after buying an additional 118,500 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in PowerShares QQQ Trust Series 1 during the third quarter worth $160,785,000. Nomura Holdings Inc. raised its position in PowerShares QQQ Trust Series 1 by 286.8% in the second quarter. Nomura Holdings Inc. now owns 1,205,179 shares of the company’s stock worth $129,223,000 after buying an additional 893,565 shares during the last quarter. Svenska Handelsbanken AB publ raised its position in PowerShares QQQ Trust Series 1 by 21.4% in the third quarter. Svenska Handelsbanken AB publ now owns 1,124,225 shares of the company’s stock worth $9,564,897,000 after buying an additional 198,430 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in PowerShares QQQ Trust Series 1 by 21.8% in the second quarter. Ameriprise Financial Inc. now owns 1,096,253 shares of the company’s stock worth $117,133,000 after buying an additional 196,494 shares during the last quarter. 33.53% of the stock is owned by hedge funds and other institutional investors.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) traded up 0.072% during trading on Monday, hitting $118.885. 8,762,268 shares of the company’s stock were exchanged. PowerShares QQQ Trust Series 1 has a 12-month low of $94.84 and a 12-month high of $119.66. The company’s 50-day moving average price is $117.24 and its 200 day moving average price is $113.91.

Separately, Vetr reiterated a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a research report on Wednesday, September 14th.

About PowerShares QQQ Trust Series 1

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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