Columbia Asset Management increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 117.6% in the second quarter, HoldingsChannel.com reports. The fund owned 2,960 shares of the company’s stock after acquiring an additional 1,600 shares during the period. Columbia Asset Management’s holdings in Invesco NASDAQ 100 ETF were worth $583,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. International Assets Investment Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $388,000. Aveo Capital Partners LLC lifted its stake in Invesco NASDAQ 100 ETF by 63.7% in the fourth quarter. Aveo Capital Partners LLC now owns 80,306 shares of the company’s stock worth $13,535,000 after acquiring an additional 31,256 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $111,000. Axxcess Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $214,000. Finally, Rollins Financial lifted its stake in Invesco NASDAQ 100 ETF by 9.8% in the fourth quarter. Rollins Financial now owns 40,425 shares of the company’s stock worth $6,813,000 after acquiring an additional 3,619 shares during the period.
Invesco NASDAQ 100 ETF Trading Up 0.1 %
QQQM opened at $189.78 on Friday. The stock has a fifty day simple moving average of $194.68 and a two-hundred day simple moving average of $187.58. The company has a market cap of $29.51 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24.
Invesco NASDAQ 100 ETF Cuts Dividend
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.
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