Invesco NASDAQ 100 ETF $QQQM Stock Sold by Prism Advisors Inc.

Prism Advisors Inc. lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,638 shares of the company’s stock after selling 2,409 shares during the quarter. Invesco NASDAQ 100 ETF makes up 1.5% of Prism Advisors Inc.’s portfolio, making the stock its 21st biggest position. Prism Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $6,046,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Invesco Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after acquiring an additional 468,626 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after purchasing an additional 170,070 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 worth $1,172,000,000 after purchasing an additional 173,431 shares during the period. Meitav Investment House Ltd. lifted its position in shares of 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 worth $612,143,000 after purchasing an additional 520,102 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Invesco NASDAQ 100 ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock valued at $526,813,000 after purchasing an additional 120,112 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $309.39 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11. The company’s 50-day moving average is $298.58 and its 200 day moving average is $287.37. The stock has a market capitalization of $112.00 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Company 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.