Phoenix Financial Ltd. Purchases 50,300 Shares of Invesco NASDAQ 100 ETF $QQQM

Phoenix Financial Ltd. acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to its most recent filing with the SEC. The firm acquired 50,300 shares of the company’s stock, valued at approximately $15,323,000.

Several other institutional investors also recently bought and sold shares of the company. MADDEN SECURITIES Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $30,000. Compass Financial Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 205.4% in the third quarter. Compass Financial Management LLC now owns 113 shares of the company’s stock valued at $34,000 after acquiring an additional 76 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $38,000. Investors Research Corp acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $38,000. Finally, Versant Capital Management Inc acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $41,000.

Invesco NASDAQ 100 ETF Stock Down 1.2%

NASDAQ QQQM traded down $3.42 during trading hours on Friday, hitting $279.97. 3,667,131 shares of the stock were exchanged, compared to its average volume of 4,043,477. The company has a market cap of $107.39 billion, a price-to-earnings ratio of 25.86 and a beta of 1.24. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11. The stock has a 50-day moving average of $295.60 and a 200 day moving average of $280.72.

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.