Invesco NASDAQ 100 ETF $QQQM Position Lifted by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 208.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,943 shares of the company’s stock after purchasing an additional 41,845 shares during the period. Invesco NASDAQ 100 ETF accounts for about 1.4% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 19th biggest holding. Galvin Gaustad & Stein LLC’s holdings in Invesco NASDAQ 100 ETF were worth $18,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQM. Financial Enhancement Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 8.7% during the 3rd quarter. Financial Enhancement Group LLC now owns 43,816 shares of the company’s stock worth $13,668,000 after buying an additional 3,504 shares during the last quarter. CoreCap Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 990.9% in the third quarter. CoreCap Advisors LLC now owns 78,010 shares of the company’s stock worth $23,765,000 after acquiring an additional 70,859 shares during the period. Titleist Asset Management LLC increased its stake in Invesco NASDAQ 100 ETF by 33.7% during the third quarter. Titleist Asset Management LLC now owns 12,297 shares of the company’s stock worth $3,746,000 after acquiring an additional 3,098 shares during the last quarter. Apella Capital LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 23.4% during the 3rd quarter. Apella Capital LLC now owns 1,411 shares of the company’s stock worth $440,000 after purchasing an additional 268 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its position in shares of Invesco NASDAQ 100 ETF by 19.4% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 18,875 shares of the company’s stock worth $5,750,000 after purchasing an additional 3,069 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.3%

Shares of QQQM opened at $307.85 on Friday. The company’s 50-day moving average price is $298.06 and its 200 day moving average price is $287.22. The firm has a market cap of $111.44 billion, a P/E 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.

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.