Invesco NASDAQ 100 ETF $QQQM Stock: Sterling Investment Counsel LLC Lowers Position

Sterling Investment Counsel LLC decreased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,191 shares of the company’s stock after selling 3,663 shares during the period. Invesco NASDAQ 100 ETF accounts for 8.3% of Sterling Investment Counsel LLC’s portfolio, making the stock its 2nd largest position. Sterling Investment Counsel LLC’s holdings in Invesco NASDAQ 100 ETF were worth $36,310,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQM. Investors Research Corp purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth approximately $38,000. SJS Investment Consulting Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $40,000. Osbon Capital Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $41,000. Versant Capital Management Inc purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $41,000. Finally, Downshift Financial LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 938.5% during the 3rd quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after buying an additional 122 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.2%

Shares of QQQM stock traded up $3.52 on Monday, reaching $295.78. 2,664,974 shares of the stock were exchanged, compared to its average volume of 3,979,413. The stock has a market cap of $107.81 billion, a P/E ratio of 31.95 and a beta of 1.22. The firm has a 50 day moving average of $299.22 and a two-hundred day moving average of $289.99. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11.

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.