Financial & Tax Architects LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 5,421 shares of the company’s stock, valued at approximately $1,288,000.
Other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC lifted its stake in Invesco NASDAQ 100 ETF by 1,615.9% during the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after acquiring an additional 899,154 shares during the period. Bouchey Financial Group Ltd lifted its stake in Invesco NASDAQ 100 ETF by 68,507.2% during the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares during the period. Royal Bank of Canada boosted its holdings in shares of Invesco NASDAQ 100 ETF by 62.9% during the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock valued at $325,458,000 after acquiring an additional 497,004 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after acquiring an additional 468,626 shares during the last quarter.
Invesco NASDAQ 100 ETF Stock Up 1.7%
QQQM opened at $302.97 on Wednesday. The firm has a 50 day moving average price of $291.63 and a 200-day moving average price of $265.29. Invesco NASDAQ 100 ETF has a twelve month low of $224.19 and a twelve month high of $308.21. The stock has a market capitalization of $90.95 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.
Invesco NASDAQ 100 ETF Announces Dividend
Invesco NASDAQ 100 ETF 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.
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