Invesco NASDAQ 100 ETF $QQQM is Carter Financial Group INC.’s 2nd Largest Position

Carter Financial Group INC. cut its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,132 shares of the company’s stock after selling 2,408 shares during the quarter. Invesco NASDAQ 100 ETF comprises 7.1% of Carter Financial Group INC.’s investment portfolio, making the stock its 2nd biggest holding. Carter Financial Group INC.’s holdings in Invesco NASDAQ 100 ETF were worth $13,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principia Wealth Advisory LLC lifted its position in Invesco NASDAQ 100 ETF by 1,615.9% during the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after buying an additional 899,154 shares during the period. Meitav Investment House Ltd. grew its position in shares of 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 buying an additional 520,102 shares during the period. Royal Bank of Canada grew its position in shares of Invesco NASDAQ 100 ETF by 62.9% in the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after buying an additional 497,004 shares during the period. Invesco Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after buying an additional 468,626 shares during the period. Finally, Asset Allocation Strategies LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 728.3% in the 2nd quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock worth $98,814,000 after acquiring an additional 382,579 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $292.02 on Thursday. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21. The firm has a market cap of $100.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The company has a 50-day moving average of $292.72 and a 200 day moving average of $277.56.

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.