Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 203.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,115 shares of the company’s stock after buying an additional 93,220 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.09% of Invesco NASDAQ 100 ETF worth $27,416,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after buying an additional 3,978,954 shares during the last quarter. Cetera Investment Advisers raised its stake in Invesco NASDAQ 100 ETF by 536.4% in the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after buying an additional 879,707 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $87,237,000. Finally, Cetera Advisor Networks LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 136.7% during the 4th quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock worth $125,966,000 after acquiring an additional 431,616 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $198.59 on Friday. The stock’s 50-day simple moving average is $192.64 and its 200-day simple moving average is $188.69. The firm has a market capitalization of $30.88 billion, a PE 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.

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.