Invesco NASDAQ 100 ETF $QQQM Position Trimmed by Retirement Planning Group LLC

Retirement Planning Group LLC decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,720 shares of the company’s stock after selling 2,161 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 0.5% of Retirement Planning Group LLC’s investment portfolio, making the stock its 27th largest position. Retirement Planning Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $21,849,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in QQQM. Investors Research Corp bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $38,000. Versant Capital Management Inc bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $41,000. Downshift Financial LLC boosted its stake in shares of 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 in the last quarter. Owl Creek Wealth Partners LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 545.5% during the 2nd quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock worth $43,000 after acquiring an additional 120 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 289.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 148 shares of the company’s stock worth $45,000 after acquiring an additional 110 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.2%

Shares of NASDAQ QQQM opened at $295.78 on Tuesday. The stock has a market capitalization of $107.81 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The stock’s fifty day simple moving average is $299.20 and its 200 day simple moving average is $290.39. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11.

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.