Invesco NASDAQ 100 ETF $QQQM Stock Sold by Focus Financial Network Inc.

Focus Financial Network Inc. cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,485 shares of the company’s stock after selling 2,502 shares during the period. Focus Financial Network Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $19,035,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Meitav Investment House Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 25.3% in the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after acquiring an additional 520,102 shares during the last quarter. Invesco Ltd. increased its stake in Invesco NASDAQ 100 ETF by 4.2% during the fourth 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 last quarter. Royal Bank of Canada increased its stake in Invesco NASDAQ 100 ETF by 35.5% during the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after acquiring an additional 456,274 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 acquiring an additional 173,431 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after purchasing an additional 170,070 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $306.16 on Wednesday. The stock has a market cap of $111.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. 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 one year low of $228.75 and a one year high of $314.11.

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.