Smith Chas P & Associates PA Cpas Sells 2,887 Shares of Invesco NASDAQ 100 ETF $QQQM

Smith Chas P & Associates PA Cpas trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,347 shares of the company’s stock after selling 2,887 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 2.1% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 21st biggest position. Smith Chas P & Associates PA Cpas’ holdings in Invesco NASDAQ 100 ETF were worth $43,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQM. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Investors Research Corp bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $38,000. Versant Capital Management Inc acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $41,000. Owl Creek Wealth Partners LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 545.5% during the second quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock valued at $43,000 after purchasing an additional 120 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 289.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 148 shares of the company’s stock worth $45,000 after purchasing an additional 110 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM traded up $2.59 during trading hours on Friday, hitting $294.39. The stock had a trading volume of 2,953,854 shares, compared to its average volume of 4,151,804. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21. The firm has a market capitalization of $101.05 billion, a P/E ratio of 31.95 and a beta of 1.23. The firm has a 50 day simple moving average of $292.55 and a 200-day simple moving average of $279.52.

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.