Investment Planning Advisors Inc. lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 94.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,794 shares of the company’s stock after selling 95,646 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 0.4% of Investment Planning Advisors Inc.’s holdings, making the stock its 26th biggest holding. Investment Planning Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,765,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco NASDAQ 100 ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after buying an additional 170,070 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco NASDAQ 100 ETF by 4.7% during 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. Meitav Investment House Ltd. increased its position in Invesco NASDAQ 100 ETF by 25.3% in the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after acquiring an additional 520,102 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Invesco NASDAQ 100 ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after acquiring an additional 120,112 shares during the last quarter.
Invesco NASDAQ 100 ETF Trading Down 1.8%
Shares of Invesco NASDAQ 100 ETF stock traded down $5.45 during midday trading on Wednesday, reaching $300.71. The company had a trading volume of 2,247,414 shares, compared to its average volume of 3,979,329. The stock has a fifty day simple moving average of $299.12 and a 200 day simple moving average of $288.62. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The company has a market capitalization of $109.26 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.
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.
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