Hanseatic Management Services Inc. Sells 2,171 Shares of Invesco NASDAQ 100 ETF $QQQM

Hanseatic Management Services Inc. lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,316 shares of the company’s stock after selling 2,171 shares during the period. Invesco NASDAQ 100 ETF comprises about 1.6% of Hanseatic Management Services Inc.’s portfolio, making the stock its 10th largest holding. Hanseatic Management Services Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,533,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in Invesco NASDAQ 100 ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after acquiring an additional 170,070 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco NASDAQ 100 ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after acquiring an additional 173,431 shares during the period. Meitav Investment House Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 25.3% in the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after acquiring an additional 520,102 shares during the period. Vantagepoint Investment Advisers LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.2% in the third quarter. Vantagepoint Investment Advisers LLC now owns 1,958,347 shares of the company’s stock valued at $596,591,000 after acquiring an additional 41,883 shares during the period. Finally, Cetera Investment Advisers boosted its position in Invesco NASDAQ 100 ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after purchasing an additional 120,112 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.6%

Invesco NASDAQ 100 ETF stock opened at $298.71 on Thursday. The firm has a market cap of $109.96 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The stock’s 50 day simple moving average is $298.70 and its two-hundred day simple moving average is $279.25.

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.