Invesco NASDAQ 100 ETF $QQQM Stock Sold by StoneX Group Inc.

StoneX Group Inc. decreased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,789 shares of the company’s stock after selling 10,264 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.1% of StoneX Group Inc.’s investment portfolio, making the stock its 15th biggest position. StoneX Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $31,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after acquiring an additional 170,070 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $1,172,000,000 after acquiring an additional 173,431 shares during the last quarter. Cetera Investment Advisers increased its stake in Invesco NASDAQ 100 ETF by 5.7% in the first 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. Vantagepoint Investment Advisers LLC increased its stake in Invesco NASDAQ 100 ETF by 2.2% in the third quarter. Vantagepoint Investment Advisers LLC now owns 1,958,347 shares of the company’s stock worth $596,591,000 after purchasing an additional 41,883 shares during the period. Finally, Royal Bank of Canada increased its stake 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 worth $414,189,000 after purchasing an additional 456,274 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.3%

NASDAQ:QQQM opened at $270.22 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11. The company has a market cap of $101.45 billion, a price-to-earnings ratio of 31.95 and a beta of 1.24. The stock has a fifty day simple moving average of $296.88 and a 200-day simple moving average of $280.11.

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.