Invesco NASDAQ 100 ETF $QQQM Position Reduced by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 99.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,063 shares of the company’s stock after selling 100,335 shares during the period. Droms Strauss Advisors Inc. MO ADV’s holdings in Invesco NASDAQ 100 ETF were worth $324,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MADDEN SECURITIES Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $30,000. Compass Financial Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 205.4% during the 3rd quarter. Compass Financial Management LLC now owns 113 shares of the company’s stock valued at $34,000 after acquiring an additional 76 shares during the period. Torren Management LLC bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $38,000. Investors Research Corp bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $38,000. Finally, Versant Capital Management Inc purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $41,000.

Invesco NASDAQ 100 ETF Trading Up 1.3%

QQQM stock traded up $3.37 during midday trading on Friday, hitting $270.22. The company had a trading volume of 6,799,307 shares, compared to its average volume of 4,049,767. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $314.11. The stock’s 50 day moving average price is $296.88 and its 200 day moving average price is $280.11. The stock has a market cap of $100.77 billion, a price-to-earnings ratio of 31.95 and a beta of 1.24.

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.