Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $280.72 and traded as low as $276.60. Invesco NASDAQ 100 ETF shares last traded at $279.97, with a volume of 3,667,131 shares traded.

Invesco NASDAQ 100 ETF Stock Performance

The firm’s 50-day simple moving average is $295.60 and its 200 day simple moving average is $280.72. The company has a market cap of $107.39 billion, a P/E ratio of 25.86 and a beta of 1.24.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors have recently made changes to their positions in the stock. MADDEN SECURITIES Corp acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $30,000. Compass Financial Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 205.4% during the 3rd quarter. Compass Financial Management LLC now owns 113 shares of the company’s stock worth $34,000 after buying an additional 76 shares during the period. Investors Research Corp acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $38,000. Torren Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $38,000. Finally, Versant Capital Management Inc bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $41,000.

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.