Focus Financial Network Inc. Sells 2,502 Shares of Invesco NASDAQ 100 ETF $QQQM

Focus Financial Network Inc. trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 62,485 shares of the company’s stock after selling 2,502 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $19,035,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Enclave Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 17.1% in the third quarter. Enclave Advisors LLC now owns 127,629 shares of the company’s stock worth $38,881,000 after purchasing an additional 18,604 shares during the last quarter. Liberty Atlantic Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 45.1% during the third quarter. Liberty Atlantic Advisors LLC now owns 2,034 shares of the company’s stock valued at $620,000 after buying an additional 632 shares during the last quarter. XY Planning Network Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $213,000. Red Crane Wealth Management LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% in the third quarter. Red Crane Wealth Management LLC now owns 769 shares of the company’s stock worth $234,000 after buying an additional 37 shares during the period. Finally, Lighthouse Wealth Management Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 32.6% in the third quarter. Lighthouse Wealth Management Inc. now owns 4,098 shares of the company’s stock worth $1,248,000 after buying an additional 1,008 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $306.16 on Wednesday. The stock has a 50 day moving average price of $299.12 and a 200 day moving average price of $288.62. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The firm has a market capitalization of $111.24 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Company 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.