Invesco NASDAQ 100 ETF $QQQM Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18,374.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 709,597 shares of the company’s stock after acquiring an additional 705,756 shares during the period. Invesco NASDAQ 100 ETF accounts for 3.1% of Ritholtz Wealth Management’s investment portfolio, making the stock its 5th largest holding. Ritholtz Wealth Management owned about 0.19% of Invesco NASDAQ 100 ETF worth $216,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in Invesco NASDAQ 100 ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after purchasing an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $1,172,000,000 after purchasing an additional 173,431 shares during the last quarter. Vantagepoint Investment Advisers LLC boosted its stake 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 valued at $596,591,000 after purchasing an additional 41,883 shares during the last quarter. Cetera Investment Advisers boosted its stake 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 valued at $526,813,000 after purchasing an additional 120,112 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 0.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,431,919 shares of the company’s stock valued at $436,220,000 after purchasing an additional 9,534 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 2.3%

QQQM opened at $284.23 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11. The company has a fifty day moving average of $296.08 and a 200-day moving average of $280.49. The stock has a market cap of $108.37 billion, a PE ratio of 25.86 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.