Invesco NASDAQ 100 ETF $QQQM Stock Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 5.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 46,192 shares of the company’s stock after buying an additional 2,458 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Florida Financial Advisors LLC raised its position 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 worth $4,150,000 after acquiring an additional 7,252 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $4,938,000. JDM Financial Group LLC grew its position in shares of 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 valued at $1,879,000 after acquiring an additional 2,143 shares during the period. HighTower Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 33.9% during the 2nd quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock worth $194,850,000 after purchasing an additional 162,761 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of 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.

Invesco NASDAQ 100 ETF Trading Down 0.1%

Invesco NASDAQ 100 ETF stock opened at $295.59 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The business’s 50 day simple moving average is $299.20 and its 200 day simple moving average is $290.78. The company has a market cap of $107.92 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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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