Invesco NASDAQ 100 ETF $QQQM Shares Sold by Rational Advisors Inc.

Rational Advisors Inc. trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 19.2% in the second quarter, Holdings Channel reports. The firm owned 151,497 shares of the company’s stock after selling 35,976 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 4.2% of Rational Advisors Inc.’s investment portfolio, making the stock its 6th biggest position. Rational Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $45,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Florida Financial Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 71.0% in the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after acquiring 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. Bank of New York Mellon Corp lifted its stake in Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after purchasing an additional 62,705 shares during the last quarter. 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. Finally, Woodard & Co. Asset Management Group Inc. ADV grew its holdings in Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 48,765 shares of the company’s stock worth $12,334,000 after purchasing an additional 1,971 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.6%

Shares of NASDAQ QQQM opened at $295.00 on Friday. The business’s 50 day moving average price is $292.95 and its two-hundred day moving average price is $276.50. The company has a market cap of $101.26 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21.

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.