Advisors Preferred LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 14.4% during the first quarter, Holdings Channel.com reports. The firm owned 110,640 shares of the company’s stock after purchasing an additional 13,900 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 3.9% of Advisors Preferred LLC’s portfolio, making the stock its 3rd largest position. Advisors Preferred LLC’s holdings in Invesco NASDAQ 100 ETF were worth $26,290,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sigma Planning Corp lifted its stake in Invesco NASDAQ 100 ETF by 21.6% in the first quarter. Sigma Planning Corp now owns 13,970 shares of the company’s stock worth $3,320,000 after acquiring an additional 2,479 shares during the last quarter. Cornerstone Advisory LLC increased its holdings in Invesco NASDAQ 100 ETF by 15.2% in the first quarter. Cornerstone Advisory LLC now owns 8,658 shares of the company’s stock valued at $2,057,000 after buying an additional 1,143 shares during the last quarter. Avantax Planning Partners Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at $210,000. Milestones Private Investment Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 1.5% during the 1st quarter. Milestones Private Investment Advisors LLC now owns 22,659 shares of the company’s stock worth $5,384,000 after buying an additional 324 shares during the last quarter. Finally, AMG National Trust Bank lifted its holdings in Invesco NASDAQ 100 ETF by 86.0% during the 1st quarter. AMG National Trust Bank now owns 13,635 shares of the company’s stock worth $3,240,000 after buying an additional 6,303 shares during the last quarter.
Invesco NASDAQ 100 ETF Stock Performance
NASDAQ:QQQM opened at $296.31 on Wednesday. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The stock has a market cap of $99.78 billion, a P/E ratio of 31.95 and a beta of 1.22. The stock has a 50-day simple moving average of $296.41 and a 200-day simple moving average of $268.26.
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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