Founders Financial Securities LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 94.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,347 shares of the company’s stock after selling 186,620 shares during the period. Founders Financial Securities LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. MADDEN SECURITIES Corp bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $30,000. Investors Research Corp acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter worth about $38,000. SJS Investment Consulting Inc. bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $40,000. Versant Capital Management Inc acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $41,000. Finally, Downshift Financial LLC grew its holdings in Invesco NASDAQ 100 ETF by 938.5% during the 3rd quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 122 shares during the period.
Invesco NASDAQ 100 ETF Stock Down 1.4%
NASDAQ:QQQM opened at $294.53 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11. The stock’s fifty day simple moving average is $298.70 and its 200-day simple moving average is $279.44. The firm has a market capitalization of $109.26 billion, a P/E 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.
Further Reading
- Five stocks we like better than Invesco NASDAQ 100 ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Want to see what other hedge funds are holding QQQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report).
Receive News & Ratings for Invesco NASDAQ 100 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco NASDAQ 100 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
