Envestnet Asset Management Inc. Boosts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Envestnet Asset Management Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% in the second quarter, HoldingsChannel reports. The fund owned 7,557,285 shares of the company’s stock after acquiring an additional 170,070 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,289,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 in the last quarter. Meitav Investment House Ltd. lifted 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 valued at $612,143,000 after buying an additional 520,102 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after buying an additional 120,112 shares during the period. Finally, Royal Bank of Canada boosted its holdings in 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 worth $414,189,000 after buying an additional 456,274 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.9%

QQQM stock traded down $2.64 during trading on Wednesday, reaching $305.14. The company’s stock had a trading volume of 2,656,524 shares, compared to its average volume of 4,099,806. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21. The company has a market capitalization of $108.54 billion, a P/E ratio of 31.95 and a beta of 1.23. The company’s fifty day moving average is $292.75 and its 200-day moving average is $282.12.

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.