Founders Capital Management acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 512 shares of the company’s stock, valued at approximately $78,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 2,121.2% during the first quarter. Envestnet Asset Management Inc. now owns 3,297,018 shares of the company’s stock worth $435,239,000 after buying an additional 3,148,584 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at about $347,222,000. LPL Financial LLC lifted its position in Invesco NASDAQ 100 ETF by 25.4% in the first quarter. LPL Financial LLC now owns 2,382,934 shares of the company’s stock valued at $314,571,000 after purchasing an additional 482,048 shares during the period. Invesco Ltd. lifted its position in Invesco NASDAQ 100 ETF by 54.5% in the first quarter. Invesco Ltd. now owns 1,167,736 shares of the company’s stock valued at $173,958,000 after purchasing an additional 412,101 shares during the period. Finally, PFS Investments Inc. lifted its position in Invesco NASDAQ 100 ETF by 5.6% in the fourth quarter. PFS Investments Inc. now owns 1,133,899 shares of the company’s stock valued at $124,196,000 after purchasing an additional 60,479 shares during the period.
Invesco NASDAQ 100 ETF Stock Performance
NASDAQ:QQQM traded down $1.88 during mid-day trading on Friday, reaching $153.35. The stock had a trading volume of 286,944 shares, compared to its average volume of 1,081,930. The business has a 50 day simple moving average of $153.50 and a 200 day simple moving average of $141.68. Invesco NASDAQ 100 ETF has a twelve month low of $104.62 and a twelve month high of $159.57. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 21.58 and a beta of 1.18.
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.
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