Redwood Family Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 10,009 shares of the company’s stock, valued at approximately $2,532,000. Invesco NASDAQ 100 ETF makes up 2.5% of Redwood Family Wealth LLC’s portfolio, making the stock its 11th biggest holding.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth $25,000. New Millennium Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Imprint Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000. Bank & Trust Co acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $46,000. Finally, Monetary Solutions Ltd bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $50,000.
Invesco NASDAQ 100 ETF Price Performance
NASDAQ:QQQM opened at $304.52 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The stock’s fifty day simple moving average is $286.28 and its 200-day simple moving average is $263.28. The firm has a market capitalization of $91.41 billion, a P/E ratio of 31.95 and a beta of 1.23.
Invesco NASDAQ 100 ETF Announces Dividend
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.
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