Invesco NASDAQ 100 ETF $QQQM Shares Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,547 shares of the company’s stock after selling 2,679 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Focused Alpha LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 12.5% during the third quarter. Focused Alpha LLC now owns 3,306 shares of the company’s stock worth $1,007,000 after purchasing an additional 367 shares during the last quarter. Eagle Wealth Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $350,000. CWA Asset Management Group LLC increased its position in Invesco NASDAQ 100 ETF by 24.0% in the third quarter. CWA Asset Management Group LLC now owns 1,270 shares of the company’s stock worth $387,000 after buying an additional 246 shares during the period. Maia Wealth LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 50.9% during the third quarter. Maia Wealth LLC now owns 43,472 shares of the company’s stock valued at $13,243,000 after acquiring an additional 14,660 shares during the period. Finally, Novem Group grew its position in shares of Invesco NASDAQ 100 ETF by 2.1% during the third quarter. Novem Group now owns 19,953 shares of the company’s stock worth $6,079,000 after acquiring an additional 401 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock traded down $0.07 on Tuesday, reaching $295.71. The company’s stock had a trading volume of 1,955,635 shares, compared to its average volume of 3,968,814. The firm has a fifty day moving average of $299.20 and a two-hundred day moving average of $290.39. The company has a market capitalization of $107.78 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week 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.