Cambridge Investment Research Advisors Inc. lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 46.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 388,016 shares of the company’s stock after selling 339,552 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $98,137,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $25,000. Jackson Hole Capital Partners LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $25,000. Wolff Wiese Magana LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $26,000. New Millennium Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Finally, Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $31,000.
Invesco NASDAQ 100 ETF Trading Down 1.5%
Shares of QQQM opened at $291.89 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.29. The stock has a market cap of $87.62 billion, a P/E ratio of 31.95 and a beta of 1.21. The stock’s 50-day moving average price is $258.72 and its two-hundred day moving average price is $255.37.
Invesco NASDAQ 100 ETF Increases Dividend
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.
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