Invesco NASDAQ 100 ETF $QQQM Stock: Mid American Wealth Advisory Group Inc. Increases Holdings

Mid American Wealth Advisory Group Inc. raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,121 shares of the company’s stock after purchasing an additional 2,527 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.4% of Mid American Wealth Advisory Group Inc.’s holdings, making the stock its 16th biggest position. Mid American Wealth Advisory Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $4,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Florida Financial Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 71.0% in the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after buying an additional 7,252 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $4,938,000. JDM Financial Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 37.2% during the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after acquiring an additional 2,143 shares during the period. HighTower Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 33.9% during the second quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock worth $194,850,000 after acquiring an additional 162,761 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Invesco NASDAQ 100 ETF by 207.5% during the second quarter. QRG Capital Management Inc. now owns 4,668 shares of the company’s stock worth $1,414,000 after acquiring an additional 3,150 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $298.64 on Thursday. The stock has a fifty day moving average price of $299.21 and a two-hundred day moving average price of $291.19. The stock has a market capitalization of $109.03 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11.

Invesco NASDAQ 100 ETF 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.