IFP Advisors Inc Buys 4,799 Shares of Invesco NASDAQ 100 ETF $QQQM

IFP Advisors Inc increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 23.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,302 shares of the company’s stock after buying an additional 4,799 shares during the quarter. IFP Advisors Inc’s holdings in Invesco NASDAQ 100 ETF were worth $7,666,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $31,000. Investors Research Corp acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth $38,000. SJS Investment Consulting Inc. bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $40,000. Osbon Capital Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $41,000. Finally, Versant Capital Management Inc acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $41,000.

Invesco NASDAQ 100 ETF Stock Down 0.3%

NASDAQ QQQM opened at $294.97 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21. The stock has a market cap of $101.25 billion, a P/E ratio of 31.95 and a beta of 1.23. The company’s 50-day simple moving average is $292.58 and its 200 day simple moving average is $279.23.

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.