Invesco NASDAQ 100 ETF $QQQM Stock Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,547 shares of the company’s stock after selling 2,679 shares during the period. Commonwealth Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,822,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Focused Alpha LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 12.5% during the 3rd quarter. Focused Alpha LLC now owns 3,306 shares of the company’s stock valued at $1,007,000 after acquiring an additional 367 shares in the last quarter. Eagle Wealth Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $350,000. CWA Asset Management Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 24.0% in the 3rd quarter. CWA Asset Management Group LLC now owns 1,270 shares of the company’s stock valued at $387,000 after acquiring an additional 246 shares in the last quarter. Maia Wealth LLC lifted its holdings in Invesco NASDAQ 100 ETF by 50.9% in the 3rd quarter. Maia Wealth LLC now owns 43,472 shares of the company’s stock worth $13,243,000 after purchasing an additional 14,660 shares during the last quarter. Finally, Novem Group lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.1% in the third quarter. Novem Group now owns 19,953 shares of the company’s stock worth $6,079,000 after buying an additional 401 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM traded down $0.07 during midday trading on Tuesday, reaching $295.71. The stock had a trading volume of 1,955,635 shares, compared to its average volume of 3,968,814. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The firm’s fifty day simple moving average is $299.20 and its 200-day simple moving average is $290.39. The stock has a market capitalization of $107.78 billion, a P/E 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.