Kinetic Wealth Investment Advisors LLC Buys New Stake in Invesco NASDAQ 100 ETF $QQQM

Kinetic Wealth Investment Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, HoldingsChannel reports. The fund bought 59,367 shares of the company’s stock, valued at approximately $17,986,000. Invesco NASDAQ 100 ETF makes up about 8.4% of Kinetic Wealth Investment Advisors LLC’s holdings, making the stock its 3rd largest holding.

A number of other large investors have also recently bought and sold shares of QQQM. Imprint Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth $31,000. Investors Research Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $38,000. SJS Investment Consulting Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at $40,000. Osbon Capital Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $41,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $41,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $296.07 on Tuesday. The stock has a 50-day moving average price of $292.80 and a 200 day moving average price of $278.58. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The stock has a market cap of $101.63 billion, a PE ratio of 31.95 and a beta of 1.23.

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.