Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $280.02 and traded as low as $266.52. Invesco NASDAQ 100 ETF shares last traded at $266.75, with a volume of 16,452,002 shares trading hands.
Invesco NASDAQ 100 ETF Stock Up 1.3%
The company has a market cap of $100.77 billion, a P/E ratio of 31.95 and a beta of 1.24. The stock’s 50-day moving average price is $296.88 and its 200 day moving average price is $280.11.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of QQQM. Cidel Asset Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 1.3% during the third quarter. Cidel Asset Management Inc. now owns 2,662 shares of the company’s stock valued at $811,000 after acquiring an additional 34 shares during the period. Ridgeline Wealth Planning LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 4.4% in the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after purchasing an additional 37 shares during the period. Red Crane Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 5.1% in the third quarter. Red Crane Wealth Management LLC now owns 769 shares of the company’s stock worth $234,000 after purchasing an additional 37 shares during the period. Sensible Money LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 1.8% during the 3rd quarter. Sensible Money LLC now owns 2,107 shares of the company’s stock worth $642,000 after purchasing an additional 37 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 3.2% during the 3rd quarter. Valmark Advisers Inc. now owns 1,242 shares of the company’s stock worth $378,000 after purchasing an additional 39 shares during the last quarter.
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.
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