3,124 Invesco NASDAQ 100 ETF $QQQM Shares Sold by GK Wealth Management LLC

GK Wealth Management LLC lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,316 shares of the company’s stock after selling 3,124 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.5% of GK Wealth Management LLC’s holdings, making the stock its 12th largest position. GK Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,838,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after acquiring an additional 468,626 shares during the period. Envestnet Asset Management Inc. increased its position in Invesco NASDAQ 100 ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after acquiring an additional 170,070 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco NASDAQ 100 ETF by 4.7% during 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 purchasing an additional 173,431 shares during the last quarter. Meitav Investment House Ltd. raised its stake in 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 purchasing an additional 520,102 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock valued at $526,813,000 after purchasing an additional 120,112 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.5%

QQQM stock traded up $1.54 during trading on Friday, reaching $309.39. 1,619,167 shares of the stock were exchanged, compared to its average volume of 4,006,988. 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 capitalization of $112.00 billion, a P/E ratio of 31.95 and a beta of 1.22. The stock has a 50 day simple moving average of $298.06 and a 200-day simple moving average of $287.22.

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.