Invesco NASDAQ 100 ETF $QQQM Stock: Highland Financial Advisors LLC Cuts Holdings

Highland Financial Advisors LLC lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 145,552 shares of the company’s stock after selling 3,775 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 9.5% of Highland Financial Advisors LLC’s holdings, making the stock its 2nd biggest position. Highland Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $44,341,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Investors Research Corp acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $38,000. Versant Capital Management Inc purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth $41,000. Downshift Financial LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 938.5% in the third quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 122 shares during the last quarter. Owl Creek Wealth Partners LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 545.5% in the second quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock worth $43,000 after acquiring an additional 120 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 289.5% in the second quarter. JFS Wealth Advisors LLC now owns 148 shares of the company’s stock worth $45,000 after acquiring an additional 110 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.2%

Shares of NASDAQ:QQQM traded up $3.52 on Monday, hitting $295.78. The company had a trading volume of 2,664,974 shares, compared to its average volume of 3,979,413. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The business has a 50 day moving average of $299.22 and a 200 day moving average of $289.99. The company has a market cap of $107.81 billion, a PE ratio of 31.95 and a beta of 1.22.

About Invesco NASDAQ 100 ETF

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.