Avidian Wealth Enterprises LLC Raises Stake in Invesco NASDAQ 100 ETF $QQQM

Avidian Wealth Enterprises LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,875 shares of the company’s stock after acquiring an additional 3,069 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its stake in Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after buying an additional 468,626 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after buying an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after acquiring an additional 173,431 shares in the last quarter. Meitav Investment House Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after acquiring an additional 520,102 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Invesco NASDAQ 100 ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock valued at $526,813,000 after acquiring an additional 120,112 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.5%

Invesco NASDAQ 100 ETF stock traded down $4.53 during mid-day trading on Thursday, reaching $307.41. 1,401,647 shares of the company’s stock were exchanged, compared to its average volume of 4,010,359. The business’s fifty day simple moving average is $297.53 and its 200 day simple moving average is $286.74. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $314.11. The firm has a market capitalization of $110.85 billion, a PE ratio of 31.95 and a beta of 1.22.

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.