GPS Wealth Strategies Group LLC Has $206,000 Position in Invesco NASDAQ 100 ETF $QQQM

GPS Wealth Strategies Group LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 98.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 813 shares of the company’s stock after selling 66,428 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $393,000. Capstone Wealth Management Group LLC lifted its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. lifted its position in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares during the period. Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF during the first quarter worth about $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Stock Up 0.4%

QQQM opened at $295.44 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $208.18 and a twelve month high of $297.33. The company has a 50-day simple moving average of $263.01 and a 200 day simple moving average of $256.53. The stock has a market capitalization of $88.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.