Invesco NASDAQ 100 ETF $QQQM Stock Position Lifted by Spectrum Wealth Advisory Group LLC

Spectrum Wealth Advisory Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 152,033 shares of the company’s stock after buying an additional 6,621 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 13.1% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its largest holding. Spectrum Wealth Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $46,315,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cidel Asset Management Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.3% during the third quarter. Cidel Asset Management Inc. now owns 2,662 shares of the company’s stock valued at $811,000 after acquiring an additional 34 shares during the period. Ridgeline Wealth Planning LLC boosted its holdings in Invesco NASDAQ 100 ETF by 4.4% in the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock valued at $211,000 after acquiring an additional 37 shares during the last quarter. Red Crane Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 5.1% in the third quarter. Red Crane Wealth Management LLC now owns 769 shares of the company’s stock valued at $234,000 after acquiring an additional 37 shares during the last quarter. Sensible Money LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1.8% in the third quarter. Sensible Money LLC now owns 2,107 shares of the company’s stock valued at $642,000 after acquiring an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Invesco NASDAQ 100 ETF by 3.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,213 shares of the company’s stock worth $368,000 after purchasing an additional 42 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.6%

Shares of NASDAQ:QQQM opened at $282.23 on Wednesday. The stock has a market capitalization of $104.94 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The business has a 50-day moving average price of $298.09 and a two-hundred day moving average price of $279.82.

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.