Ranch Capital Advisors Inc. Has $1.29 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Ranch Capital Advisors Inc. decreased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,548 shares of the company’s stock after selling 246 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. CarsonAllaria Wealth Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $27,000. M&R Capital Management Inc. bought a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $28,000. Triad Wealth Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $30,000. GAMMA Investing LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $198.94 on Friday. The stock has a market cap of $30.94 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The company has a fifty day moving average price of $192.75 and a two-hundred day moving average price of $188.51. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year 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.