Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 38.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 435,634 shares of the company’s stock after purchasing an additional 120,713 shares during the period. Kestra Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $132,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 71.0% during the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after purchasing an additional 7,252 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $4,938,000. HighTower Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 33.9% in the 2nd quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock valued at $194,850,000 after buying an additional 162,761 shares during the period. QRG Capital Management Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 207.5% during the 2nd quarter. QRG Capital Management Inc. now owns 4,668 shares of the company’s stock valued at $1,414,000 after buying an additional 3,150 shares during the last quarter. Finally, Waverly Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 446.4% during the 2nd quarter. Waverly Advisors LLC now owns 171,271 shares of the company’s stock valued at $51,890,000 after buying an additional 139,923 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 6.4%

QQQM opened at $266.75 on Friday. The firm has a market cap of $99.48 billion, a price-to-earnings ratio of 31.95 and a beta of 1.24. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $314.11. The company’s 50-day moving average price is $297.41 and its 200 day moving average price is $280.02.

About Invesco NASDAQ 100 ETF

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.