This article first appeared on GuruFocus.
Invesco NASDAQ 100 ETF (QQQM) reported net buying of $182.7 million on Wednesday, with gross ETF activity totaling the same amount. The fund increased all 101 positions and decreased none, reflecting broad additions across its portfolio.
What did QQQM buy on Wednesday?
Its largest buys by dollar value were NVDA ($15.0 million), AAPL ($14.1 million) and MSFT ($11.2 million).
The largest buy was $15.0 million in NVIDIA Corp (NVDA), lifting its weight to 8.22%. Apple Inc (AAPL) followed with $14.1 million, Microsoft Corp (MSFT) with $11.2 million, Micron Technology Inc (MU) with $8.0 million, and Amazon.com Inc (AMZN) with $7.7 million. None of these were new positions, and the fund sold out of no holdings.
How does QQQM invest?
QQQM is an Equity US fund with $109.52 billion in assets, holding 101 stocks. Its top 10 holdings account for 47.1% of assets. Technology is the largest sector at 58.6%, followed by Communication Services at 12.4% and Consumer Cyclical at 10.4%. All assets are in large-cap stocks. The expense ratio is 0.15%. Top holdings include NVIDIA at 8.22%, Apple at 7.72%, Microsoft at 6.11%, Micron at 4.39%, and Amazon at 4.23%. The fund has a GF Score of 88, a P/E of 28.59, a P/B of 7.7, a dividend yield of 0.43%, and a year-to-date return of 18.96%.
Invesco NASDAQ 100 ETF (NASDAQ:QQQM) at a glance
See the full Invesco NASDAQ 100 ETF profile, or compare it with similar funds in the ETF Screener. For the stock behind its biggest buy, see NVDA’s GF Value page and guru trades.
Looking for a fund? Use the ETF Screener, and follow daily fund activity on the ETF Trends page.
What should investors watch next for QQQM?
With all positions increased and no sells, watch whether the fund continues its broad buying or shifts to trimming positions in its next holdings update.
