MLP3 LLC Buys New Stake in Invesco NASDAQ 100 ETF $QQQM

MLP3 LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 2,386 shares of the company’s stock, valued at approximately $727,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after buying an additional 170,070 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after acquiring an additional 173,431 shares during the period. Meitav Investment House Ltd. grew its stake 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. Cetera Investment Advisers increased its holdings in Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after acquiring an additional 120,112 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Invesco NASDAQ 100 ETF by 35.5% in the 1st quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after acquiring an additional 456,274 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.0%

NASDAQ:QQQM traded down $0.07 during trading hours on Friday, hitting $290.06. 2,508,485 shares of the stock were exchanged, compared to its average volume of 3,965,177. The company has a market cap of $106.54 billion, a P/E ratio of 31.95 and a beta of 1.22. The firm’s fifty day moving average price is $298.76 and its 200 day moving average price is $291.53. 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.