8,135 Shares of Invesco NASDAQ 100 ETF $QQQM Bought by Fortitude Financial LLC

Fortitude Financial LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,135 shares of the company’s stock, valued at approximately $2,478,000. Invesco NASDAQ 100 ETF comprises approximately 1.2% of Fortitude Financial LLC’s holdings, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Florida Financial Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 71.0% in the 1st 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 during the last quarter. JDM Financial Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 37.2% during the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,143 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth approximately $4,938,000. HighTower Advisors LLC lifted its holdings in shares of 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 purchasing an additional 162,761 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 207.5% during the second quarter. QRG Capital Management Inc. now owns 4,668 shares of the company’s stock worth $1,414,000 after purchasing an additional 3,150 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.2%

NASDAQ:QQQM traded up $3.52 during midday trading on Monday, reaching $295.78. The stock had a trading volume of 2,664,974 shares, compared to its average volume of 3,979,413. The firm has a fifty day simple moving average of $299.22 and a two-hundred day simple moving average of $289.99. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11. The stock has a market cap of $107.81 billion, a P/E ratio of 31.95 and a beta of 1.22.

About Invesco NASDAQ 100 ETF

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.