Invesco NASDAQ 100 ETF $QQQM Stock: Commonwealth Equity Services LLC Increases Holdings

Commonwealth Equity Services LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,431,919 shares of the company’s stock after acquiring an additional 9,534 shares during the quarter. Invesco NASDAQ 100 ETF comprises 0.6% of Commonwealth Equity Services LLC’s holdings, making the stock its 25th biggest position. Commonwealth Equity Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $436,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MADDEN SECURITIES Corp acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $30,000. Compass Financial Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 205.4% during the third quarter. Compass Financial Management LLC now owns 113 shares of the company’s stock valued at $34,000 after purchasing an additional 76 shares during the last quarter. Investors Research Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $38,000. Torren Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $38,000. Finally, Versant Capital Management Inc acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $41,000.

Invesco NASDAQ 100 ETF Stock Down 6.4%

NASDAQ:QQQM opened at $266.75 on Friday. The stock has a fifty day simple moving average of $297.41 and a 200 day simple moving average of $280.02. The firm has a market capitalization of $99.48 billion, a price-to-earnings ratio of 31.95 and a beta of 1.24. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11.

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.