Commonwealth Financial Services LLC Sells 15,493 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Commonwealth Financial Services LLC cut its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 54.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,132 shares of the company’s stock after selling 15,493 shares during the period. Commonwealth Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 203.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 139,115 shares of the company’s stock valued at $27,416,000 after buying an additional 93,220 shares in the last quarter. Capstone Triton Financial Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 6.0% during the second quarter. Capstone Triton Financial Group LLC now owns 15,236 shares of the company’s stock worth $3,003,000 after acquiring an additional 861 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Invesco NASDAQ 100 ETF by 7.1% during the second quarter. Thrivent Financial for Lutherans now owns 218,371 shares of the company’s stock worth $43,043,000 after acquiring an additional 14,462 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 3.3% in the second quarter. AE Wealth Management LLC now owns 11,519 shares of the company’s stock worth $2,270,000 after acquiring an additional 364 shares during the period. Finally, Hollencrest Capital Management grew its position in shares of Invesco NASDAQ 100 ETF by 0.5% in the second quarter. Hollencrest Capital Management now owns 416,207 shares of the company’s stock valued at $82,039,000 after purchasing an additional 1,866 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $198.59 on Monday. The stock has a market capitalization of $30.88 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24. The stock’s 50-day simple moving average is $192.64 and its 200 day simple moving average is $188.74.

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.