Wealthfront Advisers LLC lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 47.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,358 shares of the company’s stock after selling 8,494 shares during the quarter. Wealthfront Advisers LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,969,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQM. Financial Management Professionals Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $31,000. Kieckhefer Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $32,000. Blue Trust Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $49,000. Finally, Hobbs Group Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after buying an additional 180 shares in the last quarter.
Invesco NASDAQ 100 ETF Price Performance
Shares of NASDAQ QQQM opened at $197.48 on Friday. The business’s 50-day moving average price is $211.99 and its two-hundred day moving average price is $207.33. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64. The company has a market capitalization of $39.21 billion, a P/E ratio of 33.44 and a beta of 1.18.
Invesco NASDAQ 100 ETF Announces Dividend
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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