Invesco NASDAQ 100 ETF $QQQM Stock: Eagle Strategies LLC Increases Stake

Eagle Strategies LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.8% in the third quarter, HoldingsChannel.com reports. The firm owned 110,051 shares of the company’s stock after buying an additional 5,014 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 3.2% of Eagle Strategies LLC’s holdings, making the stock its 7th largest holding. Eagle Strategies LLC’s holdings in Invesco NASDAQ 100 ETF were worth $33,526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQM. Vontobel Holding Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 26.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 22,068 shares of the company’s stock valued at $6,723,000 after buying an additional 4,598 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Invesco NASDAQ 100 ETF by 211.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,575 shares of the company’s stock valued at $5,065,000 after buying an additional 11,252 shares during the period. Opal Wealth Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 14.3% in the 3rd quarter. Opal Wealth Advisors LLC now owns 1,958 shares of the company’s stock worth $596,000 after acquiring an additional 245 shares during the last quarter. BostonPremier Wealth LLC grew its holdings in Invesco NASDAQ 100 ETF by 7.3% in the 3rd quarter. BostonPremier Wealth LLC now owns 1,481 shares of the company’s stock worth $451,000 after acquiring an additional 101 shares during the last quarter. Finally, TopTier Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 87.6% in the 3rd quarter. TopTier Wealth Management LLC now owns 3,593 shares of the company’s stock worth $1,095,000 after acquiring an additional 1,678 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 2.5%

Shares of QQQM stock traded down $7.53 during mid-day trading on Friday, reaching $292.26. The stock had a trading volume of 3,836,176 shares, compared to its average volume of 3,985,765. The stock’s 50-day moving average price is $299.22 and its two-hundred day moving average price is $289.56. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The firm has a market capitalization of $106.33 billion, a PE ratio of 31.95 and a beta of 1.22.

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.