Triton Wealth Management PLLC Buys 5,529 Shares of Invesco NASDAQ 100 ETF $QQQM

Triton Wealth Management PLLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 27.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,401 shares of the company’s stock after purchasing an additional 5,529 shares during the period. Invesco NASDAQ 100 ETF accounts for about 2.2% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 12th largest holding. Triton Wealth Management PLLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QQQM. Cidel Asset Management Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.3% in the third quarter. Cidel Asset Management Inc. now owns 2,662 shares of the company’s stock valued at $811,000 after buying an additional 34 shares during the period. Ridgeline Wealth Planning LLC grew its holdings in Invesco NASDAQ 100 ETF by 4.4% during the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after acquiring an additional 37 shares during the period. Red Crane Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 5.1% during the third quarter. Red Crane Wealth Management LLC now owns 769 shares of the company’s stock worth $234,000 after acquiring an additional 37 shares during the period. Sensible Money LLC grew its holdings in Invesco NASDAQ 100 ETF by 1.8% during the third quarter. Sensible Money LLC now owns 2,107 shares of the company’s stock worth $642,000 after acquiring an additional 37 shares during the period. Finally, Blue Water Asset Management raised its position in Invesco NASDAQ 100 ETF by 0.9% in the third quarter. Blue Water Asset Management now owns 4,550 shares of the company’s stock worth $1,386,000 after acquiring an additional 41 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6%

NASDAQ:QQQM opened at $277.87 on Wednesday. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11. The company has a 50-day moving average of $296.22 and a 200-day moving average of $280.36. The firm has a market cap of $105.95 billion, a price-to-earnings ratio of 25.86 and a beta of 1.24.

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.