Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,171,905 shares of the company’s stock after purchasing an additional 41,945 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.42% of Invesco NASDAQ 100 ETF worth $300,822,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC boosted its stake in Invesco NASDAQ 100 ETF by 72.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,380 shares of the company’s stock worth $606,000 after purchasing an additional 1,000 shares during the last quarter. Legacy Private Trust Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the fourth quarter. Legacy Private Trust Co. now owns 4,199 shares of the company’s stock worth $1,062,000 after buying an additional 65 shares in the last quarter. Maridea Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 12.8% in the fourth quarter. Maridea Wealth Management LLC now owns 18,184 shares of the company’s stock worth $4,599,000 after buying an additional 2,058 shares in the last quarter. Procyon Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $11,104,000. Finally, Orgel Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $523,000.

Invesco NASDAQ 100 ETF Trading Down 1.9%

QQQM stock opened at $239.64 on Friday. The company has a market cap of $68.74 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The firm has a 50-day moving average of $251.35 and a two-hundred day moving average of $250.93.

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.