Invesco NASDAQ 100 ETF $QQQM Stock: Vantagepoint Investment Advisers LLC Boosts Stake

Vantagepoint Investment Advisers LLC boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958,347 shares of the company’s stock after buying an additional 41,883 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 4.6% of Vantagepoint Investment Advisers LLC’s investment portfolio, making the stock its 2nd largest position. Vantagepoint Investment Advisers LLC owned 0.53% of Invesco NASDAQ 100 ETF worth $596,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Investors Research Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $38,000. SJS Investment Consulting Inc. bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $40,000. Versant Capital Management Inc bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $41,000. Downshift Financial LLC lifted its holdings in Invesco NASDAQ 100 ETF by 938.5% during the 3rd quarter. Downshift Financial LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 122 shares during the last quarter. Finally, Owl Creek Wealth Partners LLC boosted its position in Invesco NASDAQ 100 ETF by 545.5% in the second quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock valued at $43,000 after buying an additional 120 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.1%

NASDAQ QQQM opened at $293.26 on Tuesday. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The company has a 50 day moving average of $298.86 and a 200-day moving average of $278.65. The firm has a market cap of $107.95 billion, a price-to-earnings 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.