Kirkwood Financial Services Invests $51.14 Million in Invesco NASDAQ 100 ETF $QQQM

Kirkwood Financial Services purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 168,645 shares of the company’s stock, valued at approximately $51,139,000. Invesco NASDAQ 100 ETF comprises about 14.6% of Kirkwood Financial Services’ holdings, making the stock its 2nd biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC raised its position in Invesco NASDAQ 100 ETF by 164.9% in the second quarter. Ameritas Advisory Services LLC now owns 76,453 shares of the company’s stock worth $23,163,000 after acquiring an additional 47,588 shares during the period. Wedmont Private Capital bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $1,947,000. PCG Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 0.7% during the 2nd quarter. PCG Wealth Advisors LLC now owns 27,380 shares of the company’s stock worth $8,295,000 after purchasing an additional 178 shares during the last quarter. Members Advisory Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $24,973,000. Finally, HB Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 37.7% during the 2nd quarter. HB Wealth Management LLC now owns 2,636 shares of the company’s stock worth $799,000 after purchasing an additional 722 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $296.07 on Monday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The firm’s 50 day moving average is $292.84 and its 200 day moving average is $278.23. The stock has a market capitalization of $101.63 billion, a PE ratio of 31.95 and a beta of 1.23.

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.