Invesco NASDAQ 100 ETF $QQQM Shares Sold by Swmg LLC

Swmg LLC trimmed its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 57.1% in the 4th quarter, HoldingsChannel reports. The firm owned 2,344 shares of the company’s stock after selling 3,123 shares during the period. Swmg LLC’s holdings in Invesco NASDAQ 100 ETF were worth $588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQM. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth $25,000. New Millennium Group LLC grew its stake in Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $31,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $31,000. Finally, Bank & Trust Co acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth $46,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $300.38 on Thursday. The stock has a market capitalization of $90.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The business has a fifty day moving average price of $266.19 and a 200 day moving average price of $257.44. Invesco NASDAQ 100 ETF has a 12 month low of $210.80 and a 12 month high of $301.82.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%.

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.