Home / Business and Economy / QQQM Buys Every Stock: NVIDIA, Apple Lead Purchases
QQQM Buys Every Stock: NVIDIA, Apple Lead Purchases
16 Oct
Summary
- QQQM fund purchased all 101 stocks, adding $182.7 million.
- NVIDIA, Apple, and Microsoft received the largest dollar investments.
- The fund holds $109.52 billion across 101 large-cap stocks.
On Wednesday, October 14, the Invesco NASDAQ 100 ETF, or QQQM, executed a notable strategy by acquiring shares across its entire portfolio. The fund reported net purchases totaling $182.7 million, increasing all 101 of its existing positions without reducing any or adding new holdings.
NVIDIA, Apple, and Microsoft emerged as the top three largest purchases by dollar value. NVIDIA saw an addition of 67,893 shares worth $15.0 million, boosting its weighting to 8.22%. Apple followed with 41,114 shares valued at $14.1 million, representing a 7.72% weight. Microsoft acquired 20,923 shares for $11.2 million, making up 6.11% of the fund.
QQQM currently manages $109.52 billion in assets distributed among 101 stocks, with its top ten holdings comprising 47.1% of its total value. The fund exclusively invests in large-cap companies, with technology stocks constituting the largest sector at 58.6%, followed by communication services (12.4%) and consumer cyclical stocks (10.4%).
For investors, QQQM carries an expense ratio of 0.15% and a dividend yield of 0.43%. Its price-to-earnings ratio stands at 28.59, with a price-to-book ratio of 7.70. The fund has achieved a GF Score of 88 out of 100 and has returned 18.96% year-to-date. As of Friday, October 16, shares were trading near $295, within a 52-week range of approximately $229 to $314.
The upcoming holdings update will indicate whether QQQM continues its broad accumulation or begins to selectively trim positions. Such widespread buying activity is often considered routine fund management and not necessarily a specific signal about individual companies.
