Invesco NASDAQ 100 ETF $QQQM Shares Sold by Tobias Financial Advisors Inc.

Tobias Financial Advisors Inc. trimmed its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,000 shares of the company’s stock after selling 2,379 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 5.6% of Tobias Financial Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. Tobias Financial Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $46,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Florida Financial Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 71.0% during the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after acquiring an additional 7,252 shares during the period. Nicholas Wealth LLC. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $1,164,000. Bank of New York Mellon Corp increased its stake in shares of Invesco NASDAQ 100 ETF by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after purchasing an additional 62,705 shares during the period. JDM Financial Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 37.2% during the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,143 shares during the period. Finally, Tactive Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 422.1% during the 2nd quarter. Tactive Advisors LLC now owns 29,459 shares of the company’s stock worth $8,925,000 after purchasing an additional 23,817 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $296.07 on Monday. The stock has a 50 day simple moving average of $292.84 and a 200 day simple moving average of $278.23. The stock has a market cap of $101.63 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

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.