Invesco NASDAQ 100 ETF $QQQM Holdings Lessened by Global Wealth Strategies & Associates

Global Wealth Strategies & Associates lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,445 shares of the company’s stock after selling 3,722 shares during the period. Invesco NASDAQ 100 ETF comprises about 6.7% of Global Wealth Strategies & Associates’ holdings, making the stock its 4th largest position. Global Wealth Strategies & Associates’ holdings in Invesco NASDAQ 100 ETF were worth $26,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC increased its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares during the period. Goldman Sachs Group Inc. increased its position in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares during the period. Empowered Funds LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Trading Down 1.4%

QQQM stock opened at $244.92 on Thursday. The company has a market capitalization of $70.25 billion, a P/E ratio of 31.95 and a beta of 1.16. The business has a 50 day simple moving average of $251.94 and a 200-day simple moving average of $250.82. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.323 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd. This represents a $1.29 annualized dividend and a 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.