Tactive Advisors LLC Sells 18,829 Shares of Invesco NASDAQ 100 ETF $QQQM

Tactive Advisors LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 63.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,630 shares of the company’s stock after selling 18,829 shares during the quarter. Tactive Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. boosted its position in shares of Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after acquiring an additional 520,102 shares during the last quarter. Invesco Ltd. increased its position in Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after purchasing an additional 468,626 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco NASDAQ 100 ETF by 35.5% during the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after purchasing an additional 456,274 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco NASDAQ 100 ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after purchasing an additional 173,431 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after purchasing an additional 170,070 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM traded down $5.78 during midday trading on Thursday, reaching $306.17. 1,442,693 shares of the stock were exchanged, compared to its average volume of 4,010,359. The company has a 50 day simple moving average of $297.53 and a 200 day simple moving average of $286.74. The stock has a market capitalization of $110.40 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11.

Invesco NASDAQ 100 ETF Profile

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.