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

Commonwealth Financial Services LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 54.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,132 shares of the company’s stock after selling 15,493 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,688,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after acquiring an additional 3,978,954 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco NASDAQ 100 ETF by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock valued at $260,952,000 after acquiring an additional 80,230 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after acquiring an additional 83,702 shares during the period. Finally, Meitav Investment House Ltd. boosted its position in Invesco NASDAQ 100 ETF by 1.4% in the first quarter. Meitav Investment House Ltd. now owns 1,264,323 shares of the company’s stock worth $231,041,000 after purchasing an additional 17,800 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $198.59 on Monday. The firm has a market cap of $30.88 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The stock has a fifty day moving average price of $192.64 and a 200-day moving average price of $188.74.

About Invesco NASDAQ 100 ETF

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.