Winthrop Advisory Group LLC Purchases 12,049 Shares of Invesco NASDAQ 100 ETF $QQQM

Winthrop Advisory Group LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.5% during the third quarter, Holdings Channel.com reports. The firm owned 81,082 shares of the company’s stock after buying an additional 12,049 shares during the period. Invesco NASDAQ 100 ETF accounts for about 1.5% of Winthrop Advisory Group LLC’s holdings, making the stock its 16th largest holding. Winthrop Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $24,701,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QQQM. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after buying an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco NASDAQ 100 ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after acquiring an additional 173,431 shares during the last quarter. Meitav Investment House Ltd. boosted its position in Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after acquiring an additional 520,102 shares during the last quarter. Cetera Investment Advisers grew its stake in Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after acquiring an additional 120,112 shares during the period. Finally, Royal Bank of Canada grew its stake in Invesco NASDAQ 100 ETF by 35.5% in the 1st quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after acquiring an additional 456,274 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded down $0.07 during trading on Friday, hitting $290.06. The company’s stock had a trading volume of 2,508,485 shares, compared to its average volume of 3,965,177. The firm’s 50 day moving average price is $298.76 and its 200-day moving average price is $291.53. The stock has a market cap of $106.54 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11.

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.