Invesco NASDAQ 100 ETF $QQQM Stock Position Lessened by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,911 shares of the company’s stock after selling 3,267 shares during the quarter. Farther Finance Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $42,927,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of QQQM. CoreCap Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 990.9% in the third quarter. CoreCap Advisors LLC now owns 78,010 shares of the company’s stock worth $23,765,000 after acquiring an additional 70,859 shares during the last quarter. Titleist Asset Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 33.7% in the third quarter. Titleist Asset Management LLC now owns 12,297 shares of the company’s stock valued at $3,746,000 after acquiring an additional 3,098 shares in the last quarter. Apella Capital LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 23.4% in the third quarter. Apella Capital LLC now owns 1,411 shares of the company’s stock valued at $440,000 after acquiring an additional 268 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 19.4% during the third quarter. Avidian Wealth Enterprises LLC now owns 18,875 shares of the company’s stock valued at $5,750,000 after acquiring an additional 3,069 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 25.2% during the third quarter. Valeo Financial Advisors LLC now owns 13,720 shares of the company’s stock valued at $4,180,000 after acquiring an additional 2,762 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock traded down $4.09 during midday trading on Thursday, reaching $307.85. 2,868,354 shares of the company were exchanged, compared to its average volume of 4,019,276. The firm’s 50-day simple moving average is $297.53 and its 200-day simple moving average is $286.74. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11. The company has a market capitalization of $111.44 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

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.