Rolek Wealth Management LLC Purchases 9,861 Shares of Invesco NASDAQ 100 ETF $QQQM

Rolek Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 251,122 shares of the company’s stock after purchasing an additional 9,861 shares during the quarter. Invesco NASDAQ 100 ETF comprises 40.6% of Rolek Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Rolek Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $76,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQM. Ridgeline Wealth Planning LLC grew its holdings in Invesco NASDAQ 100 ETF by 4.4% during the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after purchasing an additional 37 shares during the period. Red Crane Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 5.1% during the third quarter. Red Crane Wealth Management LLC now owns 769 shares of the company’s stock worth $234,000 after buying an additional 37 shares during the last quarter. Sensible Money LLC raised its stake in Invesco NASDAQ 100 ETF by 1.8% in the third quarter. Sensible Money LLC now owns 2,107 shares of the company’s stock valued at $642,000 after buying an additional 37 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Invesco NASDAQ 100 ETF by 3.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,213 shares of the company’s stock valued at $368,000 after buying an additional 42 shares during the period. Finally, Glen Eagle Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 28.8% in the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock valued at $48,000 after buying an additional 45 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.0%

QQQM opened at $298.64 on Thursday. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11. The business has a 50 day moving average of $299.21 and a 200-day moving average of $291.19. The stock has a market cap of $109.03 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

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.