Edmond de Rothschild Monaco acquired a new position in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SECà.
The institutional investor acquired 5,070 shares of the company’s stock, valued at approximately €500,000 ($602,000). PowerShares QQQ Trust, Series 1 accounts for about 0.5 percent of Edmond de Rothschild Monaco’s investment portfolio, making the stock its 19th largest position, according to Bangalore Weekly.
Edmond de Rothschild Monaco describes itself as a “bold investment house,” and as independent and family-controlled.
PowerShares QQQ, formerly known as “QQQ” or the “NASDAQ-100 Index Tracking Stock”, is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalisation, according to Investco Ltd.