Foguth Wealth Management LLC. Sells 50,314 Shares of Invesco NASDAQ 100 ETF $QQQM

Foguth Wealth Management LLC. trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,238 shares of the company’s stock after selling 50,314 shares during the period. Invesco NASDAQ 100 ETF comprises 2.8% of Foguth Wealth Management LLC.’s investment portfolio, making the stock its 7th biggest holding. Foguth Wealth Management LLC.’s holdings in Invesco NASDAQ 100 ETF were worth $22,630,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ridgeline Wealth Planning LLC grew its holdings in Invesco NASDAQ 100 ETF by 4.4% during the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after acquiring an additional 37 shares during the period. Archer Investment Corp raised its position in Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after acquiring an additional 44 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after acquiring an additional 44 shares during the period. Glen Eagle Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 28.8% in the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock valued at $48,000 after acquiring an additional 45 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Blue Trust Inc. now owns 680 shares of the company’s stock valued at $162,000 after acquiring an additional 46 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $283.41 on Friday. Invesco NASDAQ 100 ETF has a one year low of $227.00 and a one year high of $308.21. The firm has a market capitalization of $97.11 billion, a P/E ratio of 31.95 and a beta of 1.22. The company’s fifty day moving average is $294.59 and its two-hundred day moving average is $270.86.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend 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.