Invesco NASDAQ 100 ETF $QQQM Stock Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,720 shares of the company’s stock after purchasing an additional 2,762 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after buying an additional 468,626 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Invesco NASDAQ 100 ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after acquiring an additional 170,070 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco NASDAQ 100 ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after acquiring an additional 173,431 shares during the last quarter. Meitav Investment House Ltd. grew its holdings in Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after acquiring an additional 520,102 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Invesco NASDAQ 100 ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after acquiring an additional 120,112 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.7%

Shares of QQQM traded down $5.23 during midday trading on Thursday, hitting $306.71. The company had a trading volume of 1,816,208 shares, compared to its average volume of 4,012,046. The stock has a market cap of $110.59 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The company’s 50 day moving average price is $297.53 and its 200 day moving average price is $286.74. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $314.11.

Invesco NASDAQ 100 ETF 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.