Baring Financial LLC Buys 38,934 Shares of Invesco NASDAQ 100 ETF $QQQM

Baring Financial LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 415.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,314 shares of the company’s stock after acquiring an additional 38,934 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 7.4% of Baring Financial LLC’s portfolio, making the stock its 2nd biggest position. Baring Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,220,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC grew its position in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Trading Down 1.9%

Shares of QQQM stock opened at $239.64 on Friday. The business’s 50-day moving average price is $251.35 and its 200-day moving average price is $250.81. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The firm has a market capitalization of $68.74 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

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.