Allworth Financial LP Grows Position in Invesco NASDAQ 100 ETF $QQQM

Allworth Financial LP raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 67.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,816 shares of the company’s stock after purchasing an additional 3,965 shares during the period. Allworth Financial LP’s holdings in Invesco NASDAQ 100 ETF were worth $2,426,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cypress Wealth Services LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% during the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after acquiring an additional 41 shares during the period. Base Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF by 3.9% during the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after purchasing an additional 43 shares during the period. Twin Peaks Wealth Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after purchasing an additional 43 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% in the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after purchasing an additional 46 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.3% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock valued at $263,000 after purchasing an additional 48 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.9%

Shares of QQQM opened at $239.64 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The firm has a market capitalization of $68.74 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s fifty day simple moving average is $251.35 and its 200 day simple moving average is $250.93.

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.