Invesco NASDAQ 100 ETF $QQQM Stock Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,911 shares of the company’s stock after selling 3,267 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $42,927,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QQQM. Invesco Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares during the period. Envestnet Asset Management Inc. raised its holdings 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 purchasing an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 173,431 shares in the last quarter. Meitav Investment House Ltd. boosted its position in 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 purchasing an additional 520,102 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Invesco NASDAQ 100 ETF by 5.7% in the first 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 last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.3%

Shares of QQQM stock traded down $4.09 during mid-day trading on Thursday, reaching $307.85. The stock had a trading volume of 2,868,354 shares, compared to its average volume of 4,019,276. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $314.11. The company has a market cap of $111.44 billion, a P/E ratio of 31.95 and a beta of 1.22. The business has a 50-day simple moving average of $297.53 and a 200 day simple moving average of $286.74.

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.