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

Mill Creek Capital Advisors LLC grew its stake in 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 firm owned 9,162 shares of the exchange traded fund’s stock after purchasing an additional 104 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Invesco QQQ were worth $4,390,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Global Assets Advisory LLC bought a new position in shares of Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC raised its position in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after purchasing an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC grew its position in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. bought a new stake in Invesco QQQ during the 1st quarter worth approximately $304,591,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $483.04 on Tuesday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The firm has a fifty day moving average of $467.81 and a 200-day moving average of $458.89.

About Invesco QQQ

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.