Summit Financial Consulting LLC Sells 15,274 Shares of Invesco NASDAQ 100 ETF $QQQM

Summit Financial Consulting LLC reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 67.0% during the third quarter, HoldingsChannel.com reports. The firm owned 7,522 shares of the company’s stock after selling 15,274 shares during the period. Invesco NASDAQ 100 ETF makes up 1.7% of Summit Financial Consulting LLC’s portfolio, making the stock its 11th biggest position. Summit Financial Consulting LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,292,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQM. Invesco Ltd. boosted its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after buying an additional 468,626 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after buying an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 valued at $1,172,000,000 after buying an additional 173,431 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after buying an additional 520,102 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after buying an additional 120,112 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $299.79 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $314.11. The company has a market cap of $109.07 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The business’s 50 day moving average price is $299.33 and its 200-day moving average price is $289.55.

Invesco NASDAQ 100 ETF Company 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.