The Manufacturers Life Insurance Company Takes $4.94 Million Position in Invesco NASDAQ 100 ETF $QQQM

The Manufacturers Life Insurance Company bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 16,300 shares of the company’s stock, valued at approximately $4,938,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $907,000. MCF Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 296,986.1% during the 2nd quarter. MCF Advisors LLC now owns 106,951 shares of the company’s stock valued at $32,403,000 after purchasing an additional 106,915 shares during the last quarter. Lotus Asset Management LLC bought a new position in Invesco NASDAQ 100 ETF during the second quarter worth $14,721,000. Cidel Asset Management Inc. boosted its position in Invesco NASDAQ 100 ETF by 3.5% during the second quarter. Cidel Asset Management Inc. now owns 2,628 shares of the company’s stock worth $796,000 after purchasing an additional 88 shares during the period. Finally, Capital Analysts LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.1% in the second quarter. Capital Analysts LLC now owns 8,512 shares of the company’s stock valued at $2,579,000 after purchasing an additional 95 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $294.39 on Monday. The company has a market cap of $101.05 billion, a P/E ratio of 31.95 and a beta of 1.23. The firm’s fifty day moving average price is $292.57 and its two-hundred day moving average price is $279.85. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Company Profile

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.