Lotus Asset Management LLC Takes Position in Invesco NASDAQ 100 ETF $QQQM

Lotus Asset Management LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,587 shares of the company’s stock, valued at approximately $14,721,000. Invesco NASDAQ 100 ETF accounts for about 13.1% of Lotus Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its stake in Invesco NASDAQ 100 ETF by 4.2% in 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco NASDAQ 100 ETF by 4.7% during 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 acquiring an additional 173,431 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after acquiring an additional 313,262 shares during the last quarter. Meitav Investment House Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after purchasing an additional 520,102 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Invesco NASDAQ 100 ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after purchasing an additional 120,112 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.3%

QQQM stock opened at $294.97 on Thursday. The company’s 50 day moving average is $292.58 and its 200 day moving average is $279.23. The stock has a market cap of $101.25 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

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.