Invesco NASDAQ 100 ETF $QQQM Shares Sold by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,295 shares of the company’s stock after selling 25,528 shares during the period. Invesco NASDAQ 100 ETF accounts for about 5.2% of Capstone Wealth Management Group LLC’s holdings, making the stock its 5th biggest holding. Capstone Wealth Management Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $11,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Envestnet Asset Management Inc. boosted its position in 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 worth $2,289,586,000 after acquiring an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in 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 valued at $1,172,000,000 after acquiring an additional 173,431 shares during the last quarter. Vantagepoint Investment Advisers LLC lifted its stake in Invesco NASDAQ 100 ETF by 2.2% in the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 1,958,347 shares of the company’s stock worth $596,591,000 after purchasing an additional 41,883 shares in the last quarter. Cetera Investment Advisers lifted its stake in Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after purchasing an additional 120,112 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Invesco NASDAQ 100 ETF by 0.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,431,919 shares of the company’s stock worth $436,220,000 after purchasing an additional 9,534 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $284.23 on Thursday. The stock has a market cap of $108.37 billion, a P/E ratio of 25.86 and a beta of 1.24. The stock’s 50 day simple moving average is $296.08 and its 200-day simple moving average is $280.49. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11.

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.