WASHINGTON TRUST Co raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 234.0% during the second quarter, HoldingsChannel reports. The firm owned 805 shares of the company’s stock after purchasing an additional 564 shares during the period. WASHINGTON TRUST Co’s holdings in Invesco NASDAQ 100 ETF were worth $159,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 0.8% in the 4th quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock worth $1,238,000 after acquiring an additional 57 shares during the last quarter. Madison Wealth Partners Inc increased its position in shares of Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after purchasing an additional 69 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Invesco NASDAQ 100 ETF by 4.1% during the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock worth $341,000 after purchasing an additional 74 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,714 shares of the company’s stock worth $794,000 after purchasing an additional 83 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 11.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 788 shares of the company’s stock worth $144,000 after purchasing an additional 84 shares during the last quarter.
Invesco NASDAQ 100 ETF Price Performance
Shares of NASDAQ:QQQM traded up $4.06 during midday trading on Tuesday, reaching $189.87. 1,142,543 shares of the company’s stock were exchanged, compared to its average volume of 1,814,960. The firm’s 50 day simple moving average is $194.96 and its two-hundred day simple moving average is $185.47. The stock has a market cap of $29.52 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $207.24.
Invesco NASDAQ 100 ETF Cuts Dividend
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.
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