Sanders Morris Harris LLC Acquires New Position in Invesco NASDAQ 100 ETF $QQQM

Sanders Morris Harris LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 25,477 shares of the company’s stock, valued at approximately $7,809,000. Invesco NASDAQ 100 ETF makes up 1.0% of Sanders Morris Harris LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors have also made changes to their positions in the business. Florida Financial Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 71.0% during the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after acquiring an additional 7,252 shares during the last quarter. Nicholas Wealth LLC. bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $1,164,000. JDM Financial Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 37.2% during the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after buying an additional 2,143 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $4,938,000. Finally, HighTower Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 33.9% in the 2nd quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock valued at $194,850,000 after acquiring an additional 162,761 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM traded down $6.03 on Wednesday, reaching $300.13. The company’s stock had a trading volume of 3,694,353 shares, compared to its average volume of 3,988,312. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The business’s 50-day moving average price is $299.12 and its two-hundred day moving average price is $288.62. The firm has a market cap of $109.19 billion, a PE ratio of 31.95 and a beta of 1.22.

About Invesco NASDAQ 100 ETF

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.