Mill Creek Capital Advisors LLC Buys 104 Shares of Invesco QQQ (NASDAQ:QQQ)

Mill Creek Capital Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,162 shares of the exchange traded fund’s stock after purchasing an additional 104 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Invesco QQQ were worth $4,390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the first quarter worth $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Legacy Bridge LLC increased its position in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $35,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $483.04 on Tuesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s 50 day simple moving average is $467.81 and its 200 day simple moving average is $458.89.

Invesco QQQ 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.