Invesco NASDAQ 100 ETF $QQQM Stake Decreased by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 99.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,063 shares of the company’s stock after selling 100,335 shares during the period. Droms Strauss Advisors Inc. MO ADV’s holdings in Invesco NASDAQ 100 ETF were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC lifted its stake in Invesco NASDAQ 100 ETF by 28.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 15,477 shares of the company’s stock worth $4,715,000 after purchasing an additional 3,414 shares during the last quarter. Canvas Wealth Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 59.1% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 11,517 shares of the company’s stock worth $3,392,000 after purchasing an additional 4,279 shares in the last quarter. Asset One Wealth Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.5% in the 3rd quarter. Asset One Wealth Management LLC now owns 97,866 shares of the company’s stock worth $29,814,000 after purchasing an additional 1,462 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 21.0% during the 3rd quarter. International Assets Investment Management LLC now owns 28,771 shares of the company’s stock valued at $8,792,000 after purchasing an additional 5,001 shares during the last quarter. Finally, Heritage Family Offices LLP bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $128,000.

Invesco NASDAQ 100 ETF Stock Up 1.3%

Shares of NASDAQ QQQM traded up $3.37 during trading hours on Friday, reaching $270.22. 6,799,307 shares of the stock traded hands, compared to its average volume of 4,049,767. The company has a market capitalization of $100.77 billion, a P/E ratio of 31.95 and a beta of 1.24. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The company’s 50-day simple moving average is $296.88 and its two-hundred day simple moving average is $280.11.

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.