Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. decreased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 468 shares of the company’s stock after selling 341 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $79,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LPL Financial LLC boosted its position in Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock worth $572,426,000 after purchasing an additional 428,164 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Invesco NASDAQ 100 ETF by 25.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock worth $212,461,000 after acquiring an additional 254,025 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock worth $170,669,000 after acquiring an additional 94,790 shares during the period. Mainstay Capital Management LLC ADV raised its stake in shares of Invesco NASDAQ 100 ETF by 53.0% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock valued at $176,150,000 after purchasing an additional 362,075 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 10.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 885,565 shares of the company’s stock worth $149,253,000 after purchasing an additional 80,399 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded up $0.15 during trading hours on Tuesday, reaching $199.76. 242,315 shares of the stock traded hands, compared to its average volume of 1,744,798. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $200.32. The company has a market cap of $25.90 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm’s fifty day simple moving average is $183.59 and its two-hundred day simple moving average is $177.44.

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.