Invesco NASDAQ 100 ETF $QQQM Stock: Guardian Asset Advisors LLC Cuts Position

Guardian Asset Advisors LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,894 shares of the company’s stock after selling 2,653 shares during the period. Invesco NASDAQ 100 ETF makes up about 4.6% of Guardian Asset Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Guardian Asset Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Strategies LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 4.8% during the third quarter. Eagle Strategies LLC now owns 110,051 shares of the company’s stock valued at $33,526,000 after acquiring an additional 5,014 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 26.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 22,068 shares of the company’s stock worth $6,723,000 after purchasing an additional 4,598 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 211.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,575 shares of the company’s stock worth $5,065,000 after purchasing an additional 11,252 shares during the last quarter. Opal Wealth Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 14.3% in the 3rd quarter. Opal Wealth Advisors LLC now owns 1,958 shares of the company’s stock worth $596,000 after purchasing an additional 245 shares in the last quarter. Finally, BostonPremier Wealth LLC boosted its stake in Invesco NASDAQ 100 ETF by 7.3% in the 3rd quarter. BostonPremier Wealth LLC now owns 1,481 shares of the company’s stock worth $451,000 after purchasing an additional 101 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $292.26 on Friday. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $314.11. The company’s 50-day moving average is $299.22 and its 200 day moving average is $289.56. The company has a market capitalization of $106.33 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF 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.