Invesco NASDAQ 100 ETF $QQQM Stock: AA Financial Advisors LLC Increases Stake

AA Financial Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,960 shares of the company’s stock after buying an additional 9,520 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.5% of AA Financial Advisors LLC’s investment portfolio, making the stock its 17th largest holding. AA Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Fortitude Financial LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $2,478,000. New Wave Wealth Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 3.7% during the third quarter. New Wave Wealth Advisors LLC now owns 21,824 shares of the company’s stock valued at $6,682,000 after acquiring an additional 784 shares during the last quarter. Prairie Advisory LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 110.1% in the third quarter. Prairie Advisory LLC now owns 109,908 shares of the company’s stock valued at $33,483,000 after acquiring an additional 57,592 shares in the last quarter. Capital Square LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 22.5% in the third quarter. Capital Square LLC now owns 1,647 shares of the company’s stock valued at $502,000 after acquiring an additional 302 shares in the last quarter. Finally, OceanIQ Capital LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 97.7% in the third quarter. OceanIQ Capital LLC now owns 2,708 shares of the company’s stock valued at $829,000 after acquiring an additional 1,338 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded up $3.52 during trading on Monday, reaching $295.78. The stock had a trading volume of 2,664,974 shares, compared to its average volume of 3,979,413. The business has a fifty day moving average price of $299.22 and a 200-day moving average price of $289.99. The stock has a market cap of $107.81 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11.

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.