Shoker Investment Counsel Inc. Sells 2,192 Shares of Invesco NASDAQ 100 ETF $QQQM

Shoker Investment Counsel Inc. reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,259 shares of the company’s stock after selling 2,192 shares during the quarter. Shoker Investment Counsel Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,053,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cypress Wealth Services LLC raised its holdings in Invesco NASDAQ 100 ETF by 3.4% in the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after purchasing an additional 41 shares in the last quarter. Base Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 3.9% in the 3rd quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after buying an additional 43 shares during the last quarter. Twin Peaks Wealth Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 0.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after acquiring an additional 43 shares in the last quarter. Modera Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 1.2% during the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after acquiring an additional 46 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 4.3% in the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock valued at $263,000 after acquiring an additional 48 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.3%

Shares of QQQM stock opened at $256.40 on Monday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The business’s fifty day simple moving average is $253.82 and its 200-day simple moving average is $246.31. The company has a market cap of $72.46 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.323 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.