55,583 Invesco NASDAQ 100 ETF $QQQM Shares Bought by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,058,223 shares of the company’s stock after buying an additional 55,583 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 8.2% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its biggest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in Invesco NASDAQ 100 ETF were worth $322,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Meitav Investment House Ltd. raised its stake in 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 worth $612,143,000 after acquiring an additional 520,102 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Invesco NASDAQ 100 ETF by 35.5% in the 1st quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock valued at $414,189,000 after purchasing an additional 456,274 shares in the last quarter. Japan Science & Technology Agency acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $130,019,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $56,357,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.7% in the 2nd 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 last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.4%

Shares of Invesco NASDAQ 100 ETF stock opened at $280.49 on Tuesday. The stock has a market capitalization of $104.29 billion, a P/E ratio of 31.95 and a beta of 1.22. The company has a 50-day simple moving average of $298.26 and a 200 day simple moving average of $279.68. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11.

Invesco NASDAQ 100 ETF Company 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.