Carter Financial Group INC. Has $13.37 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Carter Financial Group INC. decreased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,132 shares of the company’s stock after selling 2,408 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 7.1% of Carter Financial Group INC.’s investment portfolio, making the stock its 2nd biggest holding. Carter Financial Group INC.’s holdings in Invesco NASDAQ 100 ETF were worth $13,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in QQQM. Invesco Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 4.2% in the fourth 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 last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $1,172,000,000 after purchasing an additional 173,431 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock worth $742,825,000 after purchasing an additional 313,262 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after purchasing an additional 129,000 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its position 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 purchasing an additional 520,102 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $292.02 on Thursday. The firm has a market cap of $100.24 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $308.21. The firm has a 50-day simple moving average of $292.72 and a two-hundred day simple moving average of $277.56.

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.