Hutchens & Kramer Investment Management Group LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Hutchens & Kramer Investment Management Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,093 shares of the company’s stock, valued at approximately $1,856,000.

A number of other institutional investors have also recently made changes to their positions in QQQM. Investors Research Corp acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $38,000. Versant Capital Management Inc acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter worth about $41,000. Downshift Financial LLC boosted its holdings in Invesco NASDAQ 100 ETF by 938.5% in the third quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 122 shares in the last quarter. Owl Creek Wealth Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 545.5% during the second quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock worth $43,000 after acquiring an additional 120 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 289.5% during the second quarter. JFS Wealth Advisors LLC now owns 148 shares of the company’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 2.5%

Shares of QQQM traded down $7.53 during mid-day trading on Friday, hitting $292.26. 3,836,176 shares of the company traded hands, compared to its average volume of 3,985,765. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The company has a market capitalization of $106.33 billion, a PE ratio of 31.95 and a beta of 1.22. The business has a 50 day moving average of $299.22 and a 200 day moving average of $289.56.

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.