Insight Advisors LLC PA Buys New Position in Invesco NASDAQ 100 ETF $QQQM

Insight Advisors LLC PA bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,742 shares of the company’s stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Envestnet Asset Management Inc. boosted its position 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 valued at $2,289,586,000 after purchasing an additional 170,070 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF by 4.7% in 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 purchasing an additional 173,431 shares during the period. Meitav Investment House Ltd. grew its stake in Invesco NASDAQ 100 ETF by 25.3% in the first 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 period. Cetera Investment Advisers raised its holdings in Invesco NASDAQ 100 ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after purchasing an additional 120,112 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Invesco NASDAQ 100 ETF by 35.5% in the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after purchasing an additional 456,274 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 2.8%

QQQM opened at $290.13 on Friday. The company has a market cap of $105.93 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The stock has a fifty day simple moving average of $298.98 and a two-hundred day simple moving average of $291.54. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11.

Invesco NASDAQ 100 ETF Profile

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.