Rational Advisors Inc. cut its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 19.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 151,497 shares of the company’s stock after selling 35,976 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 4.2% of Rational Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Rational Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $45,899,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Garner Asset Management Corp bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $25,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $31,000. Investors Research Corp bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $38,000. SJS Investment Consulting Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $40,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $41,000.
Invesco NASDAQ 100 ETF Trading Down 0.6%
Shares of QQQM opened at $295.00 on Friday. The stock has a market capitalization of $101.26 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The firm has a fifty day simple moving average of $292.95 and a 200 day simple moving average of $276.50.
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.
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