Invesco NASDAQ 100 ETF $QQQM Stock: AA Financial Advisors LLC Raises Position

AA Financial Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,960 shares of the company’s stock after buying an additional 9,520 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.5% of AA Financial Advisors LLC’s portfolio, making the stock its 17th biggest position. AA Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after purchasing an additional 170,070 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $1,172,000,000 after purchasing an additional 173,431 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after purchasing an additional 520,102 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco NASDAQ 100 ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock valued at $526,813,000 after purchasing an additional 120,112 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in 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 valued at $414,189,000 after buying an additional 456,274 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.2%

QQQM stock traded up $3.52 during trading on Monday, hitting $295.78. 2,664,974 shares of the company’s stock traded hands, compared to its average volume of 3,979,413. The firm has a market capitalization of $107.81 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11. The business has a fifty day simple moving average of $299.22 and a two-hundred day simple moving average of $289.99.

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.