NWF Advisory Services Inc. Reduces Stock Position in Invesco NASDAQ 100 ETF $QQQM

NWF Advisory Services Inc. trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 45.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,957 shares of the company’s stock after selling 6,689 shares during the period. NWF Advisory Services Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $393,000. Capstone Wealth Management Group LLC boosted its stake in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares during the last quarter. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $534,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $304.52 on Friday. The company has a 50-day moving average of $286.28 and a 200-day moving average of $263.28. The company has a market capitalization of $91.41 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.3522 per share. The ex-dividend date of this dividend is Monday, June 22nd.

Invesco NASDAQ 100 ETF 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.