Paragon Advisors LLC lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 442,847 shares of the company’s stock after selling 11,496 shares during the period. Invesco NASDAQ 100 ETF accounts for about 24.8% of Paragon Advisors LLC’s holdings, making the stock its largest holding. Paragon Advisors LLC owned 0.12% of Invesco NASDAQ 100 ETF worth $134,909,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after acquiring an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco NASDAQ 100 ETF by 4.7% in 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 during the last quarter. Cetera Investment Advisers raised its position in shares of Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after purchasing an additional 120,112 shares during the last quarter. Vantagepoint Investment Advisers LLC raised its position in shares of Invesco NASDAQ 100 ETF by 2.2% in the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 1,958,347 shares of the company’s stock worth $596,591,000 after purchasing an additional 41,883 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Invesco NASDAQ 100 ETF by 35.5% in 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.
Invesco NASDAQ 100 ETF Price Performance
Shares of Invesco NASDAQ 100 ETF stock opened at $270.22 on Monday. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11. The firm’s 50-day moving average is $296.88 and its 200 day moving average is $280.11. The stock has a market cap of $101.45 billion, a price-to-earnings ratio of 31.95 and a beta of 1.24.
Invesco NASDAQ 100 ETF Company 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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