SMART Wealth LLC Increases Stake in Invesco NASDAQ 100 ETF $QQQM

SMART Wealth LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 115.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,616 shares of the company’s stock after acquiring an additional 1,934 shares during the quarter. SMART Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,096,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QQQM. Florida Financial Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 71.0% in the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after purchasing an additional 7,252 shares during the last quarter. Nicholas Wealth LLC. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $1,164,000. Bank of New York Mellon Corp boosted its position in Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after buying an additional 62,705 shares during the period. JDM Financial Group LLC grew its stake in Invesco NASDAQ 100 ETF by 37.2% in the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after acquiring an additional 2,143 shares in the last quarter. Finally, Tactive Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 422.1% in the 2nd quarter. Tactive Advisors LLC now owns 29,459 shares of the company’s stock worth $8,925,000 after acquiring an additional 23,817 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $296.07 on Friday. The firm’s 50 day simple moving average is $292.84 and its 200-day simple moving average is $278.02. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $308.21. The firm has a market cap of $101.63 billion, a PE ratio of 31.95 and a beta of 1.23.

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.