Invesco NASDAQ 100 ETF $QQQM Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 327,421 shares of the company’s stock after acquiring an additional 92,733 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $99,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted 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 valued at $2,947,440,000 after buying an additional 468,626 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $1,172,000,000 after buying an additional 173,431 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after acquiring an additional 313,262 shares during the period. Meitav Investment House Ltd. increased its position in Invesco NASDAQ 100 ETF by 25.3% in the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after acquiring an additional 520,102 shares during the period. Finally, Cetera Investment Advisers raised its stake in Invesco NASDAQ 100 ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock valued at $526,813,000 after acquiring an additional 120,112 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.1%

QQQM opened at $295.76 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The business has a 50 day moving average price of $292.65 and a two-hundred day moving average price of $278.90. The company has a market cap of $101.52 billion, a PE 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.