Clarus Wealth Advisors Invests $11.19 Million in Invesco NASDAQ 100 ETF $QQQM

Clarus Wealth Advisors bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,204 shares of the company’s stock, valued at approximately $11,189,000. Invesco NASDAQ 100 ETF makes up 4.1% of Clarus Wealth Advisors’ portfolio, making the stock its 6th biggest holding.

A number of other large investors have also bought and sold shares of the business. Invesco Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after purchasing an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco NASDAQ 100 ETF by 4.7% in 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 in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 11.9% in the fourth quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after buying an additional 313,262 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after buying an additional 129,000 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its position 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 buying an additional 520,102 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.3%

Shares of NASDAQ:QQQM opened at $291.40 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The company’s 50-day moving average price is $292.72 and its two-hundred day moving average price is $277.24. The firm has a market cap of $100.03 billion, a P/E ratio of 31.95 and a beta of 1.23.

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.