Money Concepts Capital Corp Sells 13,870 Shares of Invesco NASDAQ 100 ETF $QQQM

Money Concepts Capital Corp reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 53.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,064 shares of the company’s stock after selling 13,870 shares during the period. Money Concepts Capital Corp’s holdings in Invesco NASDAQ 100 ETF were worth $2,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Nicholas Wealth LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $1,164,000. Bank of New York Mellon Corp raised its stake in shares of Invesco NASDAQ 100 ETF by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after acquiring an additional 62,705 shares in the last quarter. Galvin Gaustad & Stein LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 1,046.7% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after acquiring an additional 46,409 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock valued at $21,683,000 after acquiring an additional 22,077 shares during the last quarter. Finally, EdgeRock Capital LLC lifted its position in Invesco NASDAQ 100 ETF by 2.5% during the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after acquiring an additional 3,809 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.3%

Shares of QQQM stock traded up $0.94 during trading hours on Friday, reaching $298.72. 2,619,746 shares of the company’s stock were exchanged, compared to its average volume of 4,542,785. The stock’s 50 day moving average is $295.73 and its 200-day moving average is $267.63. The company has a market cap of $99.94 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis 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.