Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Reaches New 52-Week High – Here’s What Happened

Invesco NASDAQ 100 ETF (NASDAQ:QQQM)’s stock price reached a new 52-week high during trading on Friday. The company traded as high as $309.66 and last traded at $309.9140, with a volume of 412790 shares trading hands. The stock had previously closed at $305.57.

Invesco NASDAQ 100 ETF Price Performance

The company’s 50-day moving average price is $294.90 and its two-hundred day moving average price is $284.91. The company has a market capitalization of $111.09 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Institutional Trading of Invesco NASDAQ 100 ETF

Large investors have recently bought and sold shares of the business. Invesco Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 4.2% in the 4th 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. Envestnet Asset Management Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after purchasing an additional 170,070 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF by 4.7% during 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 during the period. Meitav Investment House Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 25.3% in the first 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. Finally, Cetera Investment Advisers increased its holdings in Invesco NASDAQ 100 ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after purchasing an additional 120,112 shares in the last quarter.

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.