Fortitude Financial LLC Acquires 8,135 Shares of Invesco NASDAQ 100 ETF $QQQM

Fortitude Financial LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,135 shares of the company’s stock, valued at approximately $2,478,000. Invesco NASDAQ 100 ETF comprises approximately 1.2% of Fortitude Financial LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. New Wave Wealth Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 3.7% during the third quarter. New Wave Wealth Advisors LLC now owns 21,824 shares of the company’s stock worth $6,682,000 after buying an additional 784 shares during the period. Prairie Advisory LLC lifted its stake in Invesco NASDAQ 100 ETF by 110.1% in the third quarter. Prairie Advisory LLC now owns 109,908 shares of the company’s stock valued at $33,483,000 after buying an additional 57,592 shares during the last quarter. Capital Square LLC lifted its stake in Invesco NASDAQ 100 ETF by 22.5% in the third quarter. Capital Square LLC now owns 1,647 shares of the company’s stock valued at $502,000 after buying an additional 302 shares during the last quarter. OceanIQ Capital LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 97.7% in the third quarter. OceanIQ Capital LLC now owns 2,708 shares of the company’s stock valued at $829,000 after acquiring an additional 1,338 shares during the period. Finally, LongView Wealth Management boosted its holdings in shares of Invesco NASDAQ 100 ETF by 5.5% in the third quarter. LongView Wealth Management now owns 1,143 shares of the company’s stock valued at $348,000 after acquiring an additional 60 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM traded up $3.52 during mid-day trading on Monday, reaching $295.78. 2,664,974 shares of the company’s stock were exchanged, compared to its average volume of 3,979,413. The stock has a market capitalization of $107.81 billion, a PE ratio of 31.95 and a beta of 1.22. The business’s fifty day simple moving average is $299.22 and its 200-day simple moving average is $289.99. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11.

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.