Smith Chas P & Associates PA Cpas Sells 2,887 Shares of Invesco NASDAQ 100 ETF $QQQM

Smith Chas P & Associates PA Cpas reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,347 shares of the company’s stock after selling 2,887 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 2.1% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 21st biggest position. Smith Chas P & Associates PA Cpas’ holdings in Invesco NASDAQ 100 ETF were worth $43,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Trading Up 0.9%

Invesco NASDAQ 100 ETF stock traded up $2.59 during trading on Friday, hitting $294.39. 2,953,854 shares of the company were exchanged, compared to its average volume of 4,151,804. The business’s 50 day moving average is $292.55 and its 200 day moving average is $279.52. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The company has a market capitalization of $101.05 billion, a P/E ratio of 31.95 and a beta of 1.23.

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.