Invesco NASDAQ 100 ETF $QQQM Shares Sold by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.7% during the third quarter, Holdings Channel.com reports. The fund owned 8,316 shares of the company’s stock after selling 2,171 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.6% of Hanseatic Management Services Inc.’s holdings, making the stock its 10th biggest position. Hanseatic Management Services Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQM. Meitav Investment House Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 25.3% in 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. Royal Bank of Canada grew its holdings in Invesco NASDAQ 100 ETF by 35.5% in the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock valued at $414,189,000 after purchasing an additional 456,274 shares during the period. Japan Science & Technology Agency acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $130,019,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco NASDAQ 100 ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after purchasing an additional 173,431 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after buying an additional 170,070 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $298.71 on Thursday. The stock has a market capitalization of $109.96 billion, a PE ratio of 31.95 and a beta of 1.22. The business has a 50 day simple moving average of $298.70 and a 200-day simple moving average of $279.25. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11.

Invesco NASDAQ 100 ETF Company 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.