Tobias Financial Advisors Inc. Sells 2,379 Shares of Invesco NASDAQ 100 ETF $QQQM

Tobias Financial Advisors Inc. reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,000 shares of the company’s stock after selling 2,379 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 5.6% of Tobias Financial Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. Tobias Financial Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $46,354,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its stake in Invesco NASDAQ 100 ETF by 164.9% in the second quarter. Ameritas Advisory Services LLC now owns 76,453 shares of the company’s stock valued at $23,163,000 after acquiring an additional 47,588 shares during the last quarter. Wedmont Private Capital acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $1,947,000. PCG Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 0.7% during the 2nd quarter. PCG Wealth Advisors LLC now owns 27,380 shares of the company’s stock worth $8,295,000 after purchasing an additional 178 shares during the last quarter. Members Advisory Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $24,973,000. Finally, HB Wealth Management LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 37.7% in the 2nd quarter. HB Wealth Management LLC now owns 2,636 shares of the company’s stock valued at $799,000 after purchasing an additional 722 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $296.07 on Monday. 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 $101.63 billion, a P/E ratio of 31.95 and a beta of 1.23. The company has a 50-day simple moving average of $292.84 and a 200 day simple moving average of $278.23.

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.