Adapt Wealth Advisors LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 12.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 73,084 shares of the company’s stock after acquiring an additional 8,244 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 9.0% of Adapt Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Adapt Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,406,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC raised its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after purchasing an additional 3,978,954 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Invesco NASDAQ 100 ETF by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after acquiring an additional 80,230 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Invesco NASDAQ 100 ETF by 6.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock valued at $279,551,000 after acquiring an additional 83,702 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 1.4% in the 1st quarter. Meitav Investment House Ltd. now owns 1,264,323 shares of the company’s stock valued at $231,041,000 after acquiring an additional 17,800 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Invesco NASDAQ 100 ETF by 536.4% during the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after purchasing an additional 879,707 shares during the period.
Invesco NASDAQ 100 ETF Price Performance
NASDAQ QQQM opened at $184.70 on Monday. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The stock has a market capitalization of $28.72 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm’s 50-day moving average is $194.43 and its two-hundred day moving average is $187.80.
Invesco NASDAQ 100 ETF Cuts Dividend
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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