Invesco NASDAQ 100 ETF $QQQM Stock Holdings Reduced by First Command Advisory Services Inc.

First Command Advisory Services Inc. cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 35.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,877,220 shares of the company’s stock after selling 1,597,525 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 4.8% of First Command Advisory Services Inc.’s holdings, making the stock its 5th biggest holding. First Command Advisory Services Inc. owned approximately 0.77% of Invesco NASDAQ 100 ETF worth $876,516,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in QQQM. MADDEN SECURITIES Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $30,000. Compass Financial Management LLC raised its position in Invesco NASDAQ 100 ETF by 205.4% in the 3rd quarter. Compass Financial Management LLC now owns 113 shares of the company’s stock worth $34,000 after purchasing an additional 76 shares during the period. Investors Research Corp purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth $38,000. Torren Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the third quarter worth $38,000. Finally, Versant Capital Management Inc bought a new stake in Invesco NASDAQ 100 ETF in the second quarter worth $41,000.

Invesco NASDAQ 100 ETF Stock Up 2.3%

NASDAQ QQQM opened at $284.23 on Thursday. The company has a 50-day simple moving average of $296.08 and a two-hundred day simple moving average of $280.49. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11. The firm has a market cap of $108.37 billion, a price-to-earnings ratio of 25.86 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.