NI Acquisitions Company LLC Buys Shares of 2,256 Invesco NASDAQ 100 ETF $QQQM

NI Acquisitions Company LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,256 shares of the company’s stock, valued at approximately $684,000. Invesco NASDAQ 100 ETF comprises 0.3% of NI Acquisitions Company LLC’s portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principia Wealth Advisory LLC grew its position in shares of Invesco NASDAQ 100 ETF by 1,615.9% in the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after purchasing an additional 899,154 shares during the last quarter. Meitav Investment House Ltd. increased its stake in shares of 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 in the last quarter. Royal Bank of Canada raised its position in shares of Invesco NASDAQ 100 ETF by 62.9% during the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after purchasing an additional 497,004 shares during the last quarter. Invesco Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after purchasing an additional 468,626 shares during the last quarter. Finally, Asset Allocation Strategies LLC raised its position in shares of Invesco NASDAQ 100 ETF by 728.3% during the 2nd quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock worth $98,814,000 after purchasing an additional 382,579 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $296.07 on Friday. The stock’s 50 day moving average price is $292.84 and its 200 day moving average price is $278.02. The firm has a market cap of $101.63 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21.

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.