Invesco NASDAQ 100 ETF $QQQM Stock Purchased by Kachkovsky & Fisher Inc.

Kachkovsky & Fisher Inc. raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,334 shares of the company’s stock after purchasing an additional 1,873 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 13.4% of Kachkovsky & Fisher Inc.’s holdings, making the stock its biggest position. Kachkovsky & Fisher Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $14,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQM. Envestnet Asset Management Inc. increased its position in Invesco NASDAQ 100 ETF by 2.3% in 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. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.7% during 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 buying an additional 173,431 shares during the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after buying an additional 520,102 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock valued at $526,813,000 after buying an additional 120,112 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Invesco NASDAQ 100 ETF by 35.5% in the 1st quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock valued at $414,189,000 after buying an additional 456,274 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $298.64 on Thursday. The business has a 50 day simple moving average of $299.21 and a 200 day simple moving average of $291.19. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $314.11. The stock has a market cap of $109.03 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

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.