Capstone Wealth Management Group LLC Sells 25,528 Shares of Invesco NASDAQ 100 ETF $QQQM

Capstone Wealth Management Group LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.4% during the 3rd quarter, Holdings Channel reports. The fund owned 39,295 shares of the company’s stock after selling 25,528 shares during the quarter. Invesco NASDAQ 100 ETF comprises 5.2% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 5th largest holding. Capstone Wealth Management Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $11,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management grew its holdings in shares of Invesco NASDAQ 100 ETF by 18,374.3% in the third quarter. Ritholtz Wealth Management now owns 709,597 shares of the company’s stock valued at $216,172,000 after purchasing an additional 705,756 shares during the period. Royal Bank of Canada raised 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 purchasing an additional 456,274 shares during the period. Japan Science & Technology Agency purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $130,019,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $56,357,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco NASDAQ 100 ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after purchasing an additional 173,431 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $284.23 on Thursday. The firm has a 50 day simple moving average of $296.08 and a 200-day simple moving average of $280.49. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The stock has a market cap of $108.37 billion, a price-to-earnings ratio of 25.86 and a beta of 1.24.

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.