Invesco NASDAQ 100 ETF $QQQM Position Trimmed by Collaborative Wealth Managment Inc.

Collaborative Wealth Managment Inc. reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,161 shares of the company’s stock after selling 12,052 shares during the period. Invesco NASDAQ 100 ETF accounts for about 2.5% of Collaborative Wealth Managment Inc.’s portfolio, making the stock its 10th largest holding. Collaborative Wealth Managment Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $5,504,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SouthState Bank Corp boosted its stake in shares of Invesco NASDAQ 100 ETF by 16.8% in the first quarter. SouthState Bank Corp now owns 1,413 shares of the company’s stock worth $336,000 after acquiring an additional 203 shares during the last quarter. Fusion Family Wealth LLC lifted its holdings in Invesco NASDAQ 100 ETF by 4.5% in the 1st quarter. Fusion Family Wealth LLC now owns 159,278 shares of the company’s stock valued at $37,848,000 after purchasing an additional 6,913 shares in the last quarter. Advisors Preferred LLC lifted its holdings in Invesco NASDAQ 100 ETF by 14.4% in the 1st quarter. Advisors Preferred LLC now owns 110,640 shares of the company’s stock valued at $26,290,000 after purchasing an additional 13,900 shares in the last quarter. Sigma Planning Corp lifted its holdings in Invesco NASDAQ 100 ETF by 21.6% in the 1st quarter. Sigma Planning Corp now owns 13,970 shares of the company’s stock valued at $3,320,000 after purchasing an additional 2,479 shares in the last quarter. Finally, Cornerstone Advisory LLC boosted its stake in Invesco NASDAQ 100 ETF by 15.2% during the 1st quarter. Cornerstone Advisory LLC now owns 8,658 shares of the company’s stock worth $2,057,000 after purchasing an additional 1,143 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Invesco NASDAQ 100 ETF stock opened at $295.56 on Thursday. Invesco NASDAQ 100 ETF has a 52-week low of $227.00 and a 52-week high of $308.21. The firm has a market capitalization of $99.53 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The company has a fifty day simple moving average of $296.59 and a 200-day simple moving average of $268.53.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given 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 yield of 0.5%.

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.