Baring Financial LLC Has $12.22 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Baring Financial LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 415.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,314 shares of the company’s stock after purchasing an additional 38,934 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 7.4% of Baring Financial LLC’s investment portfolio, making the stock its 2nd biggest position. Baring Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQM. Jackson Hole Capital Partners LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $26,000. New Millennium Group LLC grew its position in Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $28,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $31,000.

Invesco NASDAQ 100 ETF Trading Down 1.9%

QQQM stock opened at $239.64 on Friday. The stock has a market capitalization of $68.74 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The firm has a 50-day moving average price of $251.35 and a 200-day moving average price of $250.81.

Invesco NASDAQ 100 ETF Company 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.