Private Client Services LLC Cuts Holdings in Invesco NASDAQ 100 ETF $QQQM

Private Client Services LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 45.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,026 shares of the company’s stock after selling 1,666 shares during the period. Private Client Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its position in Invesco NASDAQ 100 ETF by 4.2% during 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 during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 acquiring an additional 173,431 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 25.3% during 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 worth $526,813,000 after purchasing an additional 120,112 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.1%

NASDAQ:QQQM traded up $3.29 during mid-day trading on Friday, hitting $308.86. 1,644,915 shares of the stock traded hands, compared to its average volume of 4,036,967. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $310.67. The stock has a market capitalization of $110.83 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The firm’s 50 day moving average is $294.90 and its two-hundred day moving average is $284.91.

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.