David Kennon Inc boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,102 shares of the company’s stock after buying an additional 3,222 shares during the period. Invesco NASDAQ 100 ETF makes up about 6.5% of David Kennon Inc’s holdings, making the stock its 4th largest holding. David Kennon Inc’s holdings in Invesco NASDAQ 100 ETF were worth $19,528,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Florida Financial Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 71.0% during the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after purchasing an additional 7,252 shares during the last quarter. Nicholas Wealth LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $1,164,000. JDM Financial Group LLC lifted its position in Invesco NASDAQ 100 ETF by 37.2% in the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after buying an additional 2,143 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $4,938,000. Finally, HighTower Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 33.9% in the 2nd quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock worth $194,850,000 after buying an additional 162,761 shares during the last quarter.
Invesco NASDAQ 100 ETF Stock Performance
QQQM traded down $1.03 during midday trading on Tuesday, hitting $306.16. The stock had a trading volume of 2,349,194 shares, compared to its average volume of 3,989,784. The company has a market cap of $111.24 billion, a P/E ratio of 31.95 and a beta of 1.22. The business has a fifty day moving average of $298.96 and a 200 day moving average of $288.16. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11.
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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