First Command Advisory Services Inc. Trims Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

First Command Advisory Services Inc. reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,747,672 shares of the company’s stock after selling 29,099 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 8.4% of First Command Advisory Services Inc.’s portfolio, making the stock its 3rd largest position. First Command Advisory Services Inc. owned 1.66% of Invesco NASDAQ 100 ETF worth $1,200,781,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. New Millennium Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000. Finally, Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $46,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $290.35 on Friday. The firm’s fifty day moving average is $274.56 and its 200-day moving average is $259.83. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21. The firm has a market cap of $87.16 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.