5,510 Shares in Invesco NASDAQ 100 ETF $QQQM Purchased by MFG Investments LLC

MFG Investments LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,510 shares of the company’s stock, valued at approximately $1,679,000. Invesco NASDAQ 100 ETF makes up 1.9% of MFG Investments LLC’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Florida Financial Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 71.0% in the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after purchasing an additional 7,252 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $4,938,000. HighTower Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 33.9% during the 2nd quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock worth $194,850,000 after purchasing an additional 162,761 shares during the last quarter. QRG Capital Management Inc. raised its position in Invesco NASDAQ 100 ETF by 207.5% during the 2nd quarter. QRG Capital Management Inc. now owns 4,668 shares of the company’s stock worth $1,414,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Waverly Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 446.4% during the 2nd quarter. Waverly Advisors LLC now owns 171,271 shares of the company’s stock worth $51,890,000 after purchasing an additional 139,923 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.6%

Shares of QQQM opened at $282.23 on Wednesday. The company has a market capitalization of $104.94 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The stock’s 50-day moving average price is $298.09 and its two-hundred day moving average price is $279.82.

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.