This article first appeared on GuruFocus.
In Tuesday's session, Invesco NASDAQ 100 ETF (QQQM) was the sole buyer among the ETFs tracked, with no funds selling. QQQM recorded $287.4 million in gross trades, all of it net buying, and increased all 101 of its positions while decreasing none. The fund's assets stood at $105.97 billion.
What did QQQM buy on Tuesday?
Its largest buys by dollar value were NVDA ($23.5 million), AAPL ($22.8 million) and MSFT ($18.2 million).
The largest buy was NVIDIA Corp (NVDA), where QQQM added 113,526 shares worth $23.5 million, bringing the position to 8.16% of assets. Apple Inc (AAPL) followed with 68,748 shares added for $22.8 million at a 7.94% weight, then Microsoft Corp (MSFT) with 34,986 shares for $18.2 million at 6.34%. Amazon.com Inc (AMZN) drew $12.7 million for 50,796 shares and Micron Technology Inc (MU) $12.6 million for 14,688 shares. All were existing positions, and there were no new positions or exits.
How does QQQM invest?
Invesco NASDAQ 100 ETF (QQQM) is an Equity US fund in the Equity asset class, holding 101 stocks, with 46.8% of assets in its 10 largest holdings. Technology accounts for 57.1% of the classified stocks, Consumer Cyclical 11.4% and Communication Services 11.2%, and the portfolio is 100.0% large-cap. It has an expense ratio of 0.15%, and its top holdings are NVIDIA Corp at 8.16%, Apple Inc at 7.94%, Microsoft Corp at 6.34%, Amazon.com Inc at 4.43% and Micron Technology Inc at 4.37%. The fund has a GF Score of 88, a P/E of 28.59, a P/B of 7.7, a dividend yield of 0.44% and a year-to-date return of 13.06%.
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.
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