Integrated Wealth Concepts LLC Has $133.60 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Integrated Wealth Concepts LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 38.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 440,980 shares of the company’s stock after acquiring an additional 123,404 shares during the quarter. Invesco NASDAQ 100 ETF comprises 0.8% of Integrated Wealth Concepts LLC’s portfolio, making the stock its 18th biggest holding. Integrated Wealth Concepts LLC’s holdings in Invesco NASDAQ 100 ETF were worth $133,604,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QQQM. NewEdge Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 39.5% in the second quarter. NewEdge Advisors LLC now owns 327,421 shares of the company’s stock valued at $99,198,000 after purchasing an additional 92,733 shares during the period. IFP Advisors Inc boosted its holdings in shares of Invesco NASDAQ 100 ETF by 23.4% during the second quarter. IFP Advisors Inc now owns 25,302 shares of the company’s stock worth $7,666,000 after acquiring an additional 4,799 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $1,325,000. Baird Financial Group Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 146.6% in the second quarter. Baird Financial Group Inc. now owns 38,623 shares of the company’s stock valued at $11,702,000 after purchasing an additional 22,958 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Invesco NASDAQ 100 ETF by 26.5% during the second quarter. Allworth Financial LP now owns 15,299 shares of the company’s stock worth $4,635,000 after purchasing an additional 3,201 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.1%

NASDAQ:QQQM opened at $295.76 on Wednesday. The stock has a market cap of $101.52 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock has a 50 day simple moving average of $292.65 and a 200 day simple moving average of $278.90. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

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.