4,631 Invesco NASDAQ 100 ETF $QQQM Shares Bought by Moneco Advisors LLC

Moneco Advisors LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,053 shares of the company’s stock after acquiring an additional 4,631 shares during the quarter. Moneco Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in Invesco NASDAQ 100 ETF by 35.5% during the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after purchasing an additional 456,274 shares during the last quarter. Japan Science & Technology Agency bought a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $130,019,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $56,357,000. Northwestern Mutual Wealth Management Co. increased its stake in Invesco NASDAQ 100 ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after buying an additional 173,431 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 2.3% in 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 buying an additional 170,070 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.6%

Invesco NASDAQ 100 ETF stock opened at $277.87 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $314.11. The company’s 50 day moving average price is $296.22 and its two-hundred day moving average price is $280.36. The stock has a market cap of $105.95 billion, a P/E ratio of 25.86 and a beta of 1.24.

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.