Invesco NASDAQ 100 ETF $QQQM Shares Newly Acquired by MFG Investments LLC

MFG Investments LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,510 shares of the company’s stock, valued at approximately $1,679,000. Invesco NASDAQ 100 ETF makes up approximately 1.9% of MFG Investments LLC’s investment portfolio, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Envestnet Asset Management Inc. lifted its stake in Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after purchasing an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in 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. Meitav Investment House Ltd. boosted its position in Invesco NASDAQ 100 ETF by 25.3% in the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after buying an additional 520,102 shares in the last quarter. Vantagepoint Investment Advisers LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 2.2% during the third quarter. Vantagepoint Investment Advisers LLC now owns 1,958,347 shares of the company’s stock worth $596,591,000 after buying an additional 41,883 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Invesco NASDAQ 100 ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after buying an additional 120,112 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $282.23 on Wednesday. The company has a fifty day moving average of $298.09 and a 200-day moving average of $279.82. The company has a market capitalization of $104.94 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11.

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.