Invesco NASDAQ 100 ETF $QQQM Stock: Whelan Financial Increases Position

Whelan Financial boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% in the third quarter, Holdings Channel.com reports. The firm owned 215,773 shares of the company’s stock after acquiring an additional 2,681 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 17.0% of Whelan Financial’s investment portfolio, making the stock its largest position. Whelan Financial’s holdings in Invesco NASDAQ 100 ETF were worth $65,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 71.0% in the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after purchasing an additional 7,252 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $4,938,000. HighTower Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 33.9% during the 2nd quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock valued at $194,850,000 after purchasing an additional 162,761 shares in the last quarter. QRG Capital Management Inc. increased its holdings in 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 worth $1,414,000 after purchasing an additional 3,150 shares during the last quarter. Finally, JDM Financial Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 37.2% during the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,143 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 3.5%

Shares of QQQM opened at $284.34 on Friday. The business’s 50 day moving average is $298.53 and its two-hundred day moving average is $279.57. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The firm has a market cap of $105.48 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

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.