TopTier Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 87.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,593 shares of the company’s stock after purchasing an additional 1,678 shares during the period. TopTier Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Investors Research Corp purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $38,000. SJS Investment Consulting Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $40,000. Osbon Capital Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $41,000. Versant Capital Management Inc purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $41,000. Finally, Downshift Financial LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 938.5% during the 3rd quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after buying an additional 122 shares in the last quarter.
Invesco NASDAQ 100 ETF Price Performance
QQQM opened at $299.79 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The stock has a market capitalization of $109.07 billion, a P/E ratio of 31.95 and a beta of 1.22. The business has a 50 day simple moving average of $299.33 and a 200-day simple moving average of $289.55.
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.
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