Blue Edge Capital LLC Purchases New Position in Invesco NASDAQ 100 ETF $QQQM

Blue Edge Capital LLC acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 7,778 shares of the company’s stock, valued at approximately $2,357,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ridgeline Wealth Planning LLC raised its stake in Invesco NASDAQ 100 ETF by 4.4% during the 1st quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock valued at $211,000 after buying an additional 37 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Invesco NASDAQ 100 ETF by 3.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,213 shares of the company’s stock worth $368,000 after purchasing an additional 42 shares during the period. Jacobi Capital Management LLC grew its stake in Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after acquiring an additional 44 shares in the last quarter. Glen Eagle Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 28.8% in the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock worth $48,000 after purchasing an additional 45 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Invesco NASDAQ 100 ETF by 7.3% in the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after acquiring an additional 46 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.4%

Invesco NASDAQ 100 ETF stock opened at $296.92 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21. The firm’s fifty day moving average is $293.14 and its 200 day moving average is $276.37. The company has a market cap of $101.92 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.