Kirkwood Financial Services Invests $51.14 Million in Invesco NASDAQ 100 ETF $QQQM

Kirkwood Financial Services purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, HoldingsChannel reports. The fund purchased 168,645 shares of the company’s stock, valued at approximately $51,139,000. Invesco NASDAQ 100 ETF accounts for 14.6% of Kirkwood Financial Services’ holdings, making the stock its 2nd biggest position.

A number of other institutional investors also recently modified their holdings of QQQM. Invesco Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $1,172,000,000 after purchasing an additional 173,431 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after purchasing an additional 313,262 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in shares of Invesco NASDAQ 100 ETF by 5.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the period. Finally, Meitav Investment House Ltd. lifted its holdings in 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.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $296.07 on Monday. The company 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 52 week low of $228.75 and a 52 week high of $308.21. The business has a 50-day simple moving average of $292.84 and a two-hundred day simple moving average of $278.23.

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.