Swisher Financial Concepts Inc. Has $249,000 Stock Position in Invesco NASDAQ 100 ETF $QQQM

Swisher Financial Concepts Inc. lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 77.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,007 shares of the company’s stock after selling 3,367 shares during the period. Swisher Financial Concepts Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $249,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Trust Co. of Toledo NA OH acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $28,000. Pflug Koory LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $32,000. PrairieView Partners LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. ROSS JOHNSON & Associates LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $42,000. Finally, Rosenberg Matthew Hamilton bought a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $43,000.

Invesco NASDAQ 100 ETF Stock Down 0.2%

NASDAQ:QQQM opened at $255.04 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The firm has a market capitalization of $66.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock’s 50 day moving average price is $253.86 and its two-hundred day moving average price is $242.30.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF 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.