Kinetic Wealth Investment Advisors LLC Takes Position in Invesco NASDAQ 100 ETF $QQQM

Kinetic Wealth Investment Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 59,367 shares of the company’s stock, valued at approximately $17,986,000. Invesco NASDAQ 100 ETF accounts for 8.4% of Kinetic Wealth Investment Advisors LLC’s investment portfolio, making the stock its 3rd largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 71.0% during 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. acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at $1,164,000. Bank of New York Mellon Corp increased its position in shares of Invesco NASDAQ 100 ETF by 8.1% in the fourth 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 in the last quarter. JDM Financial Group LLC increased its position in shares of Invesco NASDAQ 100 ETF by 37.2% in the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock valued at $1,879,000 after buying an additional 2,143 shares in the last quarter. Finally, Tactive Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 422.1% during the 2nd quarter. Tactive Advisors LLC now owns 29,459 shares of the company’s stock worth $8,925,000 after buying an additional 23,817 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $296.07 on Tuesday. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The firm’s 50-day simple moving average is $292.80 and its 200 day simple moving average is $278.58. The firm has a market capitalization of $101.63 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Company 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.