Cape Investment Advisory Inc. Trims Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Cape Investment Advisory Inc. decreased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 93.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176 shares of the company’s stock after selling 2,456 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $285,000. Vestwell Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $51,000. Allworth Financial LP boosted its position in Invesco NASDAQ 100 ETF by 67.8% during the third quarter. Allworth Financial LP now owns 9,816 shares of the company’s stock worth $2,426,000 after acquiring an additional 3,965 shares during the last quarter. Stillwater Wealth Management Group acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $480,000. Finally, LWM Advisory Services LLC grew its stake in Invesco NASDAQ 100 ETF by 2.0% in the 3rd quarter. LWM Advisory Services LLC now owns 10,587 shares of the company’s stock worth $2,616,000 after acquiring an additional 212 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of NASDAQ:QQQM opened at $244.20 on Friday. The company has a market cap of $70.05 billion, a P/E ratio of 31.95 and a beta of 1.16. The business has a fifty day simple moving average of $251.72 and a 200-day simple moving average of $250.77. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

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.