Secure Asset Management LLC Purchases 16,608 Shares of Invesco NASDAQ 100 ETF $QQQM

Secure Asset Management LLC increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 36.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,724 shares of the company’s stock after purchasing an additional 16,608 shares during the period. Invesco NASDAQ 100 ETF makes up 2.5% of Secure Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Secure Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Invesco Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 18.8% in the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock valued at $1,726,216,000 after buying an additional 152,512 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after buying an additional 1,630,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco NASDAQ 100 ETF by 14.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock worth $764,588,000 after buying an additional 433,686 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 18.1% in the second quarter. Ameriprise Financial Inc. now owns 1,887,027 shares of the company’s stock valued at $428,543,000 after acquiring an additional 289,510 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.3%

Shares of Invesco NASDAQ 100 ETF stock opened at $254.10 on Friday. The business’s fifty day simple moving average is $252.84 and its 200 day simple moving average is $240.12. The firm has a market capitalization of $66.55 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

About Invesco NASDAQ 100 ETF

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.