Legacy Wealth Partners LLC Buys New Stake in Invesco NASDAQ 100 ETF $QQQM

Legacy Wealth Partners LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, Holdings Channel reports. The firm bought 7,525 shares of the company’s stock, valued at approximately $2,292,000.

A number of other large investors also recently made changes to their positions in the company. Meitav Investment House Ltd. lifted its holdings in 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 worth $612,143,000 after purchasing an additional 520,102 shares during the last quarter. Invesco Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares during the period. Royal Bank of Canada lifted its holdings in shares of Invesco NASDAQ 100 ETF by 35.5% during the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after buying an additional 456,274 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after buying an additional 173,431 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after buying an additional 170,070 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $299.79 on Friday. The firm has a 50-day moving average of $299.33 and a 200-day moving average of $289.55. The stock has a market cap of $109.07 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week 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.