MCF Advisors LLC Grows Position in Invesco NASDAQ 100 ETF $QQQM

MCF Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 296,986.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,951 shares of the company’s stock after purchasing an additional 106,915 shares during the quarter. Invesco NASDAQ 100 ETF comprises 1.2% of MCF Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. MCF Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $32,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth $393,000. Capstone Wealth Management Group LLC lifted its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after buying an additional 3,220 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after buying an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $534,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $294.97 on Thursday. The firm’s 50-day moving average price is $292.58 and its 200-day moving average price is $279.23. The company has a market capitalization of $101.25 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

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.