Invesco NASDAQ 100 ETF $QQQM Stock: Total Clarity Wealth Management Inc. Reduces Holdings

Total Clarity Wealth Management Inc. reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,881 shares of the company’s stock after selling 8,467 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.5% of Total Clarity Wealth Management Inc.’s holdings, making the stock its 11th biggest holding. Total Clarity Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,580,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings 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 during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco NASDAQ 100 ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after acquiring an additional 173,431 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after acquiring an additional 520,102 shares during the period. Vantagepoint Investment Advisers LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.2% during the third quarter. Vantagepoint Investment Advisers LLC now owns 1,958,347 shares of the company’s stock worth $596,591,000 after acquiring an additional 41,883 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after acquiring an additional 120,112 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.3%

QQQM opened at $296.96 on Wednesday. The stock has a market capitalization of $109.31 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The firm’s fifty day simple moving average is $298.64 and its 200 day simple moving average is $279.04.

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.