Worth Asset Management LLC Lowers Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Worth Asset Management LLC cut its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,248 shares of the company’s stock after selling 25,162 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 2.6% of Worth Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Worth Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Bank of New Hampshire increased its position in Invesco NASDAQ 100 ETF by 2.7% during the 3rd quarter. Bank of New Hampshire now owns 12,945 shares of the company’s stock worth $3,944,000 after buying an additional 345 shares during the period. Boyum Wealth Architects LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the third quarter. Boyum Wealth Architects LLC now owns 38,081 shares of the company’s stock valued at $11,755,000 after acquiring an additional 761 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of Invesco NASDAQ 100 ETF by 4.9% in the third quarter. Central Pacific Bank Trust Division now owns 47,830 shares of the company’s stock valued at $14,571,000 after acquiring an additional 2,240 shares during the period. Box Hill Private Wealth LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 15.6% in the third quarter. Box Hill Private Wealth LLC now owns 9,367 shares of the company’s stock valued at $2,854,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Global Wealth Strategies & Associates grew its stake in shares of Invesco NASDAQ 100 ETF by 1.5% in the third quarter. Global Wealth Strategies & Associates now owns 119,428 shares of the company’s stock valued at $36,383,000 after acquiring an additional 1,778 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM traded down $0.95 during mid-day trading on Wednesday, reaching $311.81. 1,385,474 shares of the company’s stock were exchanged, compared to its average volume of 4,016,730. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $314.11. The business’s fifty day simple moving average is $296.75 and its two-hundred day simple moving average is $286.26. The firm has a market capitalization of $112.43 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF 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.