Invesco NASDAQ 100 ETF $QQQM Stock: Lodestar Private Asset Management LLC Cuts Holdings

Lodestar Private Asset Management LLC trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,131 shares of the company’s stock after selling 4,588 shares during the period. Invesco NASDAQ 100 ETF makes up about 3.9% of Lodestar Private Asset Management LLC’s portfolio, making the stock its 4th largest holding. Lodestar Private Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $44,517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 71.0% in the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after acquiring an additional 7,252 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $4,938,000. HighTower Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 33.9% in the 2nd quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock worth $194,850,000 after purchasing an additional 162,761 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 207.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,668 shares of the company’s stock worth $1,414,000 after purchasing an additional 3,150 shares during the last quarter. Finally, JDM Financial Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 37.2% in the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,143 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $296.96 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The company has a market capitalization of $109.31 billion, a P/E ratio of 31.95 and a beta of 1.22. The company’s 50 day simple moving average is $298.64 and its 200 day simple moving average is $279.04.

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.