Invesco NASDAQ 100 ETF $QQQM Stock: TopTier Wealth Management LLC Increases Holdings

TopTier Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 87.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,593 shares of the company’s stock after buying an additional 1,678 shares during the quarter. TopTier Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. raised its stake 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 valued at $612,143,000 after acquiring an additional 520,102 shares during the last quarter. Invesco Ltd. lifted its position in Invesco NASDAQ 100 ETF by 4.2% during 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 during the period. Royal Bank of Canada grew its stake in shares of Invesco NASDAQ 100 ETF by 35.5% in the 1st quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock valued at $414,189,000 after purchasing an additional 456,274 shares during the last quarter. Japan Science & Technology Agency purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $130,019,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 during the period.

Invesco NASDAQ 100 ETF Trading Down 0.1%

NASDAQ:QQQM opened at $299.79 on Friday. The firm has a market cap of $109.07 billion, a P/E ratio of 31.95 and a beta of 1.22. The stock’s 50 day simple moving average is $299.33 and its 200-day simple moving average is $289.55. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11.

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.