Summit Financial Consulting LLC lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 67.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,522 shares of the company’s stock after selling 15,274 shares during the quarter. Invesco NASDAQ 100 ETF comprises 1.7% of Summit Financial Consulting LLC’s portfolio, making the stock its 11th biggest holding. Summit Financial Consulting LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,292,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Investors Research Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $38,000. SJS Investment Consulting Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at $40,000. Osbon Capital Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $41,000. Versant Capital Management Inc purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $41,000. Finally, Downshift Financial LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 938.5% in the third quarter. Downshift Financial LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 122 shares in the last quarter.
Invesco NASDAQ 100 ETF Stock Performance
Shares of QQQM opened at $299.79 on Friday. The company’s fifty day moving average is $299.33 and its 200 day moving average is $289.55. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $314.11. The stock has a market capitalization of $109.07 billion, a PE 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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