Hollencrest Capital Management decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 83.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,077 shares of the company’s stock after selling 367,641 shares during the period. Invesco NASDAQ 100 ETF comprises about 1.5% of Hollencrest Capital Management’s investment portfolio, making the stock its 16th biggest holding. Hollencrest Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $22,443,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $25,000. Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter worth about $31,000. Investors Research Corp purchased a new position in Invesco NASDAQ 100 ETF in the second quarter worth about $38,000. SJS Investment Consulting Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at about $40,000. Finally, Osbon Capital Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $41,000.
Invesco NASDAQ 100 ETF Stock Down 0.6%
NASDAQ QQQM opened at $295.00 on Friday. The company has a 50-day moving average price of $292.95 and a 200-day moving average price of $276.50. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The firm has a market capitalization of $101.26 billion, a P/E ratio of 31.95 and a beta of 1.23.
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.
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