Invesco NASDAQ 100 ETF $QQQM Stock Holdings Lifted by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 59.1% in the third quarter, HoldingsChannel.com reports. The fund owned 11,517 shares of the company’s stock after buying an additional 4,279 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,392,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position 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 worth $2,289,586,000 after purchasing an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ 100 ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after buying an additional 173,431 shares during the last quarter. Vantagepoint Investment Advisers LLC increased its stake in Invesco NASDAQ 100 ETF by 2.2% in the third quarter. Vantagepoint Investment Advisers LLC now owns 1,958,347 shares of the company’s stock worth $596,591,000 after purchasing an additional 41,883 shares during the period. Cetera Investment Advisers increased its stake in Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after buying an additional 120,112 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Commonwealth Equity Services LLC now owns 1,431,919 shares of the company’s stock valued at $436,220,000 after acquiring an additional 9,534 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.3%

Shares of Invesco NASDAQ 100 ETF stock traded up $3.37 during trading on Friday, hitting $270.22. 6,799,307 shares of the stock traded hands, compared to its average volume of 4,049,767. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The stock’s fifty day simple moving average is $296.88 and its 200 day simple moving average is $280.11. The firm has a market cap of $100.77 billion, a P/E ratio of 31.95 and a beta of 1.24.

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.