Worth Asset Management LLC Sells 25,162 Shares of Invesco NASDAQ 100 ETF $QQQM

Worth Asset Management LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,248 shares of the company’s stock after selling 25,162 shares during the period. Invesco NASDAQ 100 ETF comprises 2.6% of Worth Asset Management LLC’s holdings, making the stock its 7th largest position. Worth Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,910,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Florida Financial Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 71.0% in the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after buying an additional 7,252 shares during the last quarter. Nicholas Wealth LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $1,164,000. JDM Financial Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 37.2% in the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock valued at $1,879,000 after purchasing an additional 2,143 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $4,938,000. Finally, Investment Planning Advisors Inc. increased its position in Invesco NASDAQ 100 ETF by 54.7% during the first quarter. Investment Planning Advisors Inc. now owns 98,485 shares of the company’s stock worth $23,402,000 after buying an additional 34,831 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of QQQM stock traded down $0.95 during 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. The stock has a market capitalization of $112.43 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11. The firm’s fifty day moving average price is $296.75 and its 200-day moving average price is $286.26.

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.