<div id="readability-page-1"><p>On Thursday, Signal Advisors Wealth disclosed selling 98,307 shares of the Invesco NASDAQ 100 ETF (QQQM) in an estimated $23.2 million transaction, according to its latest SEC filing.</p><h2 id="what-happened">What Happened</h2><p>According to a filing with the Securities and Exchange Commission released on Thursday, Signal Advisors Wealth sold 98,307 shares of the<strong> Invesco NASDAQ 100 ETF</strong> (QQQM) in the third quarter. The estimated transaction value, based on the fund’s average closing price for the period, was approximately $23.2 million. After the sale, the fund held 21,311 shares worth $5.3 million.</p><h2 id="what-else-to-know">What Else to Know</h2><p>This was a sale, reducing the QQQM stake to 0.5% of 13F reportable AUM.</p><p>Top holdings after the filing:</p><ul><li>NYSEMKT:SPLG: $60.1 million (5.4% of AUM)</li><li>NYSEMKT:ACIO: $46.1 million (4.2% of AUM)</li><li>NYSEMKT: VEA: $38.2 million (3.5% of AUM)</li><li>NYSEMKT: BKAG: $28 million (2.5% of AUM)</li><li>NASDAQ:NVDA: $27.2 million (2.5% of AUM)</li></ul><p>As of Friday morning, QQQM shares were priced at $246.35, up 21.5% over the past year and outperforming the S&amp;P 500's 17% gain.</p><h2 id="company-overview">Company Overview</h2><div><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>Price (as of Friday morning)</td><td>$246.35</td></tr><tr><td>Expense Ratio</td><td>0.15%</td></tr><tr><td>1-Year Price Change</td><td>21.5%</td></tr></tbody></table></div><h2 id="company-snapshot">Company Snapshot</h2><ul><li>QQQM seeks to track the performance of the NASDAQ-100 Index, investing at least 90% of assets in the underlying securities to provide exposure to 100 of the largest nonfinancial companies listed on NASDAQ.</li><li>As a passively managed ETF, the fund appeals to investors seeking efficient access to growth-oriented large-cap stocks.</li><li>Alignment with one of the most widely followed equity benchmarks is a key feature.</li></ul><p>Invesco NASDAQ 100 ETF (QQQM) offers investors targeted exposure to the NASDAQ-100 Index, focusing on leading nonfinancial companies with significant market capitalization. The fund’s strategy emphasizes index replication to provide exposure to U.S. large-cap nonfinancial equities.</p><h2 id="foolish-take">Foolish Take</h2><p>Signal Advisors Wealth’s $23.2 million sale of QQQM marks a significant scale-back from one of the fund’s most growth-oriented holdings—and underscores a broader portfolio rotation away from mega-cap tech exposure. After unloading nearly 100,000 shares, QQQM now accounts for just 0.5% of reportable assets, down from a level that once rivaled its top equity positions.</p><p>That’s notable given QQQM’s composition: Its top holdings include Nvidia (9.2%), Microsoft (8.8%), Apple (7.3%), and Amazon (5.5%)—all market leaders responsible for much of the past year’s stock rally. And with these heavyweights posting double-digit gains (Nvidia up roughly 40% and Microsoft up 24% year-over-year), QQQM’s annual return has outperformed Signal’s larger, more diversified holdings like SPLG and VEA, suggesting the fund may be locking in gains in anticipation of a stock-market rotation.</p><p>At a 0.15% expense ratio, QQQM remains a cost-efficient way to mirror the NASDAQ-100 Index, offering direct access to large-cap, nonfinancial U.S. growth companies. However, its concentration in technology (61%) and elevated valuation metrics (P/E of 42) may have prompted the reduction. By trimming its position, Signal appears to be taking profits and rebalancing toward income and diversification—especially after a large JPM acquisition in the same quarter and given that its top holdings tilt toward broader-market ETFs like SPLG and BKAG, alongside targeted exposure to Nvidia itself.</p><h2 id="glossary">Glossary</h2><p><strong>ETF (Exchange-Traded Fund):</strong> An investment fund traded on stock exchanges, holding assets like stocks or bonds.</p><p><strong>13F reportable AUM:</strong> Assets under management that must be disclosed in quarterly SEC filings by institutional investment managers.</p><p><strong>Stake:</strong> The ownership interest or amount of investment held in a particular asset or company.</p><p><strong>Top holdings:</strong> The largest investments or positions within a fund’s portfolio, typically by market value.</p><p><strong>Dividend Yield:</strong> Annual dividends paid by an investment, expressed as a percentage of its current price.</p><p><strong>Index replication:</strong> A strategy where a fund aims to mirror the performance and holdings of a specific market index.</p><p><strong>Passively managed ETF:</strong> A fund designed to track an index, making minimal changes to its portfolio over time.</p><p><strong>Large-cap stocks:</strong> Shares of companies with large total market values, generally considered stable and established.</p><p><strong>NASDAQ-100 Index:</strong> A stock market index of 100 major nonfinancial companies listed on the NASDAQ exchange.</p><p><strong>Outperforming:</strong> Achieving a higher return compared to a specific benchmark or index over a given period.</p><p><strong>Assets under management (AUM):</strong> The total market value of investments managed by a financial institution or fund.</p><p><strong>Filing:</strong> An official document submitted to a regulatory agency, often containing financial or ownership information.</p>                                                                            </div>

NVDA

<p>Signal Advisors Wealth sold 98,307 shares of the Invesco NASDAQ 100 ETF (QQQM) for approximately $23.2 million, reducing its stake to 0.5% of reportable assets. The sale reflects a shift away from mega-cap tech stocks, as QQQM's top holdings include major players like Nvidia and Microsoft. Despite QQQM's strong performance, with a 21.5% annual return, the fund's high tech concentration and valuation metrics may have prompted the reduction. Signal appears to be rebalancing its portfolio towards income and diversification following a significant acquisition.</p>

- Signal Advisors Wealth sold 98,307 shares of the Invesco NASDAQ 100 ETF (QQQM) for approximately $23.2 million, reducing its stake to 0.5% of reportable assets.  
- Following the sale, the fund retained 21,311 shares valued at $5.3 million, while QQQM's top holdings include major companies like Nvidia and Microsoft.  
- This transaction reflects a broader portfolio shift away from mega-cap tech stocks, as the fund seeks to lock in gains and diversify its investments.  

Signal Advisors Trims $23 Million NASDAQ-100 ETF Stake Amid Tech Stock Rally