Paragon Advisors LLC cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 2.5% during the 3rd quarter, Holdings Channel reports. The fund owned 442,847 shares of the company’s stock after selling 11,496 shares during the period. Invesco NASDAQ 100 ETF comprises 24.8% of Paragon Advisors LLC’s portfolio, making the stock its biggest holding. Paragon Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $134,909,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. MADDEN SECURITIES Corp bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $30,000. Compass Financial Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 205.4% in the 3rd quarter. Compass Financial Management LLC now owns 113 shares of the company’s stock worth $34,000 after purchasing an additional 76 shares during the period. Torren Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $38,000. Investors Research Corp purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $38,000. Finally, Versant Capital Management Inc purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $41,000.
Invesco NASDAQ 100 ETF Stock Performance
NASDAQ:QQQM opened at $270.22 on Monday. The stock has a 50-day simple moving average of $296.88 and a two-hundred day simple moving average of $280.11. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The firm has a market capitalization of $101.45 billion, a PE ratio of 31.95 and a beta of 1.24.
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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