Transcendent Capital Group LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Transcendent Capital Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,741 shares of the company’s stock, valued at approximately $3,327,000. Invesco NASDAQ 100 ETF makes up approximately 2.2% of Transcendent Capital Group LLC’s holdings, making the stock its 13th biggest holding.

Several other hedge funds have also recently made changes to their positions in QQQM. Chicago Partners Investment Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $231,000. Napa Wealth Management bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $1,077,000. Taylor Financial Group Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $421,000. Madison Wealth Partners Inc boosted its stake in shares of Invesco NASDAQ 100 ETF by 118.0% during the fourth quarter. Madison Wealth Partners Inc now owns 4,441 shares of the company’s stock valued at $748,000 after purchasing an additional 2,404 shares in the last quarter. Finally, Freedom Investment Management Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $4,085,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM traded up $1.01 during midday trading on Friday, reaching $197.19. 1,480,962 shares of the stock traded hands, compared to its average volume of 1,761,340. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $197.22. The business has a 50-day moving average of $183.23 and a two-hundred day moving average of $177.05. The stock has a market capitalization of $25.57 billion, a PE ratio of 34.39 and a beta of 1.18.

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.