Sterling Investment Counsel LLC decreased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,191 shares of the company’s stock after selling 3,663 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 8.3% of Sterling Investment Counsel LLC’s investment portfolio, making the stock its 2nd biggest position. Sterling Investment Counsel LLC’s holdings in Invesco NASDAQ 100 ETF were worth $36,310,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after purchasing an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco NASDAQ 100 ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after buying an additional 173,431 shares during the period. Meitav Investment House Ltd. lifted its position in Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after buying an additional 520,102 shares during the period. Cetera Investment Advisers lifted its position in Invesco NASDAQ 100 ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after buying an additional 120,112 shares during the period. Finally, Royal Bank of Canada lifted its position in Invesco NASDAQ 100 ETF by 35.5% during 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 during the period.
Invesco NASDAQ 100 ETF Price Performance
NASDAQ:QQQM traded up $3.52 during mid-day trading on Monday, reaching $295.78. The company’s stock had a trading volume of 2,664,974 shares, compared to its average volume of 3,979,413. The company’s fifty day simple moving average is $299.22 and its two-hundred day simple moving average is $289.99. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11. The stock has a market cap of $107.81 billion, a P/E 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.
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