Envestnet Asset Management Inc. Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,557,285 shares of the company’s stock after purchasing an additional 170,070 shares during the quarter. Envestnet Asset Management Inc. owned 2.12% of Invesco NASDAQ 100 ETF worth $2,289,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth approximately $4,938,000. Tidal Investments LLC purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $907,000. MCF Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 296,986.1% during the second quarter. MCF Advisors LLC now owns 106,951 shares of the company’s stock valued at $32,403,000 after buying an additional 106,915 shares during the last quarter. Lotus Asset Management LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth approximately $14,721,000. Finally, Cidel Asset Management Inc. raised its position in Invesco NASDAQ 100 ETF by 3.5% in the second quarter. Cidel Asset Management Inc. now owns 2,628 shares of the company’s stock worth $796,000 after acquiring an additional 88 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock traded down $2.64 on Wednesday, hitting $305.14. 2,656,524 shares of the company’s stock were exchanged, compared to its average volume of 4,099,806. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21. The company has a 50-day simple moving average of $292.75 and a 200-day simple moving average of $282.12. The stock has a market capitalization of $108.54 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Company 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.