Invesco NASDAQ 100 ETF $QQQM Position Trimmed by NorthRock Partners LLC

NorthRock Partners LLC trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,441 shares of the company’s stock after selling 1,999 shares during the quarter. NorthRock Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $33,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Invesco Ltd. grew its position in Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 worth $1,172,000,000 after buying an additional 173,431 shares in the last quarter. Raymond James Financial Inc. lifted its position in Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock worth $742,825,000 after buying an additional 313,262 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after buying an additional 520,102 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Invesco NASDAQ 100 ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock valued at $526,813,000 after buying an additional 120,112 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.1%

NASDAQ QQQM opened at $295.76 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21. The firm’s fifty day simple moving average is $292.65 and its 200-day simple moving average is $278.90. The company has a market capitalization of $101.52 billion, a PE ratio of 31.95 and a beta of 1.23.

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.