Sagespring Wealth Partners LLC Has $3.42 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Sagespring Wealth Partners LLC decreased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,074 shares of the company’s stock after selling 1,693 shares during the period. Sagespring Wealth Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $90,815,000. Raymond James Financial Inc. boosted its stake in Invesco NASDAQ 100 ETF by 23.7% in the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after purchasing an additional 421,792 shares during the period. Jones Financial Companies Lllp boosted its stake in Invesco NASDAQ 100 ETF by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after purchasing an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after acquiring an additional 368,544 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after acquiring an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $247.83 on Tuesday. The company’s 50-day simple moving average is $240.68 and its 200 day simple moving average is $221.33. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $252.42. The company has a market capitalization of $63.73 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.