43,905 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Procyon Advisors LLC

Procyon Advisors LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 43,905 shares of the company’s stock, valued at approximately $11,104,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orgel Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $523,000. American Asset Management Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $202,000. CWA Asset Management Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $216,000. Baring Financial LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 415.1% during the fourth quarter. Baring Financial LLC now owns 48,314 shares of the company’s stock valued at $12,220,000 after buying an additional 38,934 shares during the last quarter. Finally, Private Client Services LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 21.3% during the fourth quarter. Private Client Services LLC now owns 3,382 shares of the company’s stock valued at $855,000 after buying an additional 593 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $239.64 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The stock’s fifty day moving average is $251.35 and its 200-day moving average is $250.93. The firm has a market capitalization of $68.74 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

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.