RFG Advisory LLC Has $25.74 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

RFG Advisory LLC lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,314 shares of the company’s stock after selling 7,975 shares during the quarter. RFG Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $25,738,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQM. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth about $25,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Osbon Capital Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $41,000. Bank & Trust Co bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $46,000. Finally, Monetary Solutions Ltd bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $50,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $292.05 on Thursday. The stock has a market cap of $87.67 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The company has a 50 day moving average of $288.94 and a 200-day moving average of $264.19. Invesco NASDAQ 100 ETF has a one year low of $222.07 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.3522 per share. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd.

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.