HBW Advisory Services LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,519 shares of the company’s stock after acquiring an additional 11,529 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 1.5% of HBW Advisory Services LLC’s investment portfolio, making the stock its 8th biggest position. HBW Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,695,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of QQQM. Meitav Investment House Ltd. raised 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 worth $612,143,000 after purchasing an additional 520,102 shares in the last quarter. Invesco Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares during the period. Royal Bank of Canada grew its position in shares of Invesco NASDAQ 100 ETF by 35.5% during the 1st quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after purchasing an additional 456,274 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco NASDAQ 100 ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after purchasing an additional 173,431 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after purchasing an additional 170,070 shares in the last quarter.
Invesco NASDAQ 100 ETF Trading Down 2.0%
Shares of QQQM opened at $300.13 on Thursday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The firm’s 50 day moving average is $299.22 and its 200-day moving average is $289.07. The stock has a market capitalization of $109.19 billion, a PE ratio of 31.95 and a beta of 1.22.
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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