Hutchens & Kramer Investment Management Group LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) in the third quarter, Holdings Channel.com reports. The firm bought 6,093 shares of the company’s stock, valued at approximately $1,856,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 71.0% in the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after buying an additional 7,252 shares during the period. JDM Financial Group LLC raised its position in Invesco NASDAQ 100 ETF by 37.2% during the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after buying an additional 2,143 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $4,938,000. HighTower Advisors LLC lifted its stake 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 valued at $194,850,000 after acquiring an additional 162,761 shares during the period. Finally, Waverly Advisors LLC lifted its stake 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 valued at $51,890,000 after acquiring an additional 139,923 shares during the period.
Invesco NASDAQ 100 ETF Trading Down 2.5%
Shares of QQQM stock traded down $7.53 during trading hours on Friday, hitting $292.26. The company’s stock had a trading volume of 3,836,176 shares, compared to its average volume of 3,985,765. The company has a 50 day moving average of $299.22 and a 200 day moving average of $289.56. The stock has a market cap of $106.33 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.
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.
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