Frank Rimerman Advisors LLC trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,171 shares of the company’s stock after selling 255 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 6.2% of Frank Rimerman Advisors LLC’s holdings, making the stock its largest position. Frank Rimerman Advisors LLC owned about 0.28% of Invesco NASDAQ 100 ETF worth $87,156,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of QQQM. CarsonAllaria Wealth Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $27,000. M&R Capital Management Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at $28,000. Triad Wealth Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $30,000. Creekmur Asset Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $32,000. Finally, GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth $36,000.
Invesco NASDAQ 100 ETF Stock Down 0.2 %
Shares of Invesco NASDAQ 100 ETF stock opened at $198.59 on Friday. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock’s 50-day simple moving average is $192.64 and its 200-day simple moving average is $188.69. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24.
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.
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