RFG Advisory LLC Sells 5,152 Shares of Invesco NASDAQ 100 ETF $QQQM

RFG Advisory LLC cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,234 shares of the company’s stock after selling 5,152 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 0.6% of RFG Advisory LLC’s investment portfolio, making the stock its 25th biggest position. RFG Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $28,724,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SPC Financial Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 33.3% during the third quarter. SPC Financial Inc. now owns 18,459 shares of the company’s stock worth $4,562,000 after purchasing an additional 4,608 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 17.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 42,008 shares of the company’s stock worth $10,381,000 after purchasing an additional 6,241 shares during the period. Correct Capital Wealth Management boosted its stake in Invesco NASDAQ 100 ETF by 12.5% in the 3rd quarter. Correct Capital Wealth Management now owns 7,424 shares of the company’s stock worth $1,834,000 after purchasing an additional 823 shares during the period. Austin Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 1.0% during the 3rd quarter. Austin Wealth Management LLC now owns 11,587 shares of the company’s stock valued at $2,888,000 after buying an additional 118 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 4.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,338 shares of the company’s stock valued at $1,069,000 after buying an additional 189 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $251.01 on Monday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company’s fifty day moving average price is $255.13 and its 200-day moving average price is $248.07. The company has a market capitalization of $72.00 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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

About Invesco NASDAQ 100 ETF

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.