Invesco NASDAQ 100 ETF $QQQM Stock Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,720 shares of the company’s stock after acquiring an additional 2,762 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,180,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of QQQM. Ayalon Insurance Comp Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 14.5% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 102,632 shares of the company’s stock worth $31,266,000 after buying an additional 12,982 shares during the last quarter. JP Wealth Management Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 0.6% in the 3rd quarter. JP Wealth Management Inc. now owns 116,619 shares of the company’s stock worth $35,527,000 after purchasing an additional 750 shares during the period. Cooper Financial Group lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.1% in the 3rd quarter. Cooper Financial Group now owns 27,994 shares of the company’s stock valued at $8,528,000 after purchasing an additional 299 shares in the last quarter. Elm3 Financial Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% during the 3rd quarter. Elm3 Financial Group LLC now owns 15,060 shares of the company’s stock worth $4,588,000 after purchasing an additional 178 shares during the period. Finally, Family Legacy Financial Solutions LLC increased its position in Invesco NASDAQ 100 ETF by 2.0% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 15,775 shares of the company’s stock worth $4,806,000 after purchasing an additional 305 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM traded down $5.23 during mid-day trading on Thursday, hitting $306.71. The company’s stock had a trading volume of 1,816,208 shares, compared to its average volume of 4,012,046. The firm has a market capitalization of $110.59 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The stock’s fifty day simple moving average is $297.53 and its two-hundred day simple moving average is $286.74.

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.