Sax Wealth Advisors LLC Purchases 75,340 Shares of Invesco NASDAQ 100 ETF $QQQM

Sax Wealth Advisors LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 556,761 shares of the company’s stock after acquiring an additional 75,340 shares during the period. Invesco NASDAQ 100 ETF accounts for 4.8% of Sax Wealth Advisors LLC’s portfolio, making the stock its 3rd largest position. Sax Wealth Advisors LLC owned 0.15% of Invesco NASDAQ 100 ETF worth $169,612,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QQQM. Florida Financial Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 71.0% in the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after purchasing an additional 7,252 shares in the last quarter. Nicholas Wealth LLC. bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $1,164,000. JDM Financial Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 37.2% in the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock valued at $1,879,000 after purchasing an additional 2,143 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth $4,938,000. Finally, HighTower Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 33.9% during the second quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock worth $194,850,000 after buying an additional 162,761 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock traded down $1.59 during mid-day trading on Tuesday, hitting $305.60. 1,067,925 shares of the company traded hands, compared to its average volume of 3,983,066. The stock has a fifty day moving average price of $298.96 and a 200-day moving average price of $288.16. The stock has a market cap of $111.04 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $314.11.

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.