Invesco NASDAQ 100 ETF $QQQM Stock Position Lessened by Sanchez Wealth Management Group

Sanchez Wealth Management Group cut its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 92.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,412 shares of the company’s stock after selling 16,485 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.3% of Sanchez Wealth Management Group’s investment portfolio, making the stock its 21st largest position. Sanchez Wealth Management Group’s holdings in Invesco NASDAQ 100 ETF were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QQQM. Royal Bank of Canada boosted its stake in Invesco NASDAQ 100 ETF by 35.5% in the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after buying an additional 456,274 shares in the last quarter. Japan Science & Technology Agency purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $130,019,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $56,357,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after acquiring an additional 173,431 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of 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 worth $2,289,586,000 after acquiring an additional 170,070 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $284.92 on Thursday. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The stock has a market capitalization of $106.26 billion, a price-to-earnings ratio of 31.95 and a beta of 1.24. The company has a fifty day moving average of $297.93 and a 200-day moving average of $279.96.

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.