World Equity Group Inc. Sells 4,004 Shares of Invesco NASDAQ 100 ETF $QQQM

World Equity Group Inc. lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 49.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,070 shares of the company’s stock after selling 4,004 shares during the period. World Equity Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter worth $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $26,000. New Millennium Group LLC raised its position 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 worth $27,000 after acquiring an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $28,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $31,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $241.98 on Thursday. The stock’s 50-day moving average is $250.41 and its 200 day moving average is $251.04. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a market cap of $69.41 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.3277 per share. The ex-dividend date of this dividend is Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company 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.