Invesco NASDAQ 100 ETF $QQQM Shares Sold by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 94.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,794 shares of the company’s stock after selling 95,646 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 0.4% of Investment Planning Advisors Inc.’s holdings, making the stock its 26th biggest position. Investment Planning Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,765,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. First Citizens Bank & Trust Co. bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $206,000. Enclave Advisors LLC increased its stake in Invesco NASDAQ 100 ETF by 17.1% during the third quarter. Enclave Advisors LLC now owns 127,629 shares of the company’s stock valued at $38,881,000 after acquiring an additional 18,604 shares during the period. Liberty Atlantic Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 45.1% in the 3rd quarter. Liberty Atlantic Advisors LLC now owns 2,034 shares of the company’s stock worth $620,000 after acquiring an additional 632 shares during the period. XY Planning Network Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $213,000. Finally, Red Crane Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 5.1% in the third quarter. Red Crane Wealth Management LLC now owns 769 shares of the company’s stock worth $234,000 after purchasing an additional 37 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.8%

QQQM traded down $5.45 during trading on Wednesday, reaching $300.71. 2,247,414 shares of the company’s stock were exchanged, compared to its average volume of 3,979,329. The company has a market capitalization of $109.26 billion, a P/E ratio of 31.95 and a beta of 1.22. The business has a 50 day moving average price of $299.12 and a 200 day moving average price of $288.62. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week 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.