184,996 Shares of Invesco NASDAQ 100 ETF $QQQM Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 184,996 shares of the company’s stock, valued at approximately $56,357,000.

A number of other hedge funds also recently made changes to their positions in QQQM. Meitav Investment House Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after purchasing an additional 520,102 shares during the last quarter. Royal Bank of Canada raised its position in shares of Invesco NASDAQ 100 ETF by 35.5% in the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock valued at $414,189,000 after purchasing an additional 456,274 shares during the period. Japan Science & Technology Agency acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $130,019,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after buying an additional 173,431 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after acquiring an additional 170,070 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $284.34 on Monday. The stock has a 50 day simple moving average of $298.53 and a 200 day simple moving average of $279.57. The stock has a market cap of $105.72 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11.

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.