Hollencrest Capital Management Sells 367,641 Shares of Invesco NASDAQ 100 ETF $QQQM

Hollencrest Capital Management lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 83.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 74,077 shares of the company’s stock after selling 367,641 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 1.5% of Hollencrest Capital Management’s portfolio, making the stock its 16th biggest position. Hollencrest Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $22,443,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the business. Blue Edge Capital LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $2,357,000. Capital Square LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $402,000. Pinnacle Holdings LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $358,000. Trust Co. of Vermont purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $202,000. Finally, MBE Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 10.3% in the 2nd quarter. MBE Wealth Management LLC now owns 1,122 shares of the company’s stock worth $340,000 after buying an additional 105 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $295.00 on Friday. The company has a 50-day moving average of $292.95 and a 200 day moving average of $276.50. The firm has a market cap of $101.26 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21.

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.