Fosun International Ltd Acquires Shares of 28,936 Invesco NASDAQ 100 ETF $QQQM

Fosun International Ltd purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,936 shares of the company’s stock, valued at approximately $8,767,000. Invesco NASDAQ 100 ETF comprises 2.0% of Fosun International Ltd’s holdings, making the stock its 9th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sigma Planning Corp boosted its holdings in shares of Invesco NASDAQ 100 ETF by 179.4% in the second quarter. Sigma Planning Corp now owns 39,037 shares of the company’s stock valued at $11,827,000 after acquiring an additional 25,067 shares during the period. Two Sigma Securities LLC raised its position in Invesco NASDAQ 100 ETF by 744.0% during the second quarter. Two Sigma Securities LLC now owns 22,146 shares of the company’s stock worth $6,710,000 after acquiring an additional 19,522 shares during the last quarter. GTS Securities LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $29,281,000. Flputnam Investment Management Co. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $250,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco NASDAQ 100 ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after purchasing an additional 173,431 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $295.00 on Monday. The stock has a market capitalization of $101.26 billion, a PE ratio of 31.95 and a beta of 1.23. The firm has a fifty day moving average of $292.95 and a 200-day moving average of $276.66. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21.

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.