Invesco NASDAQ 100 ETF $QQQM Stake Cut by Financial Enhancement Group LLC

Financial Enhancement Group LLC lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,312 shares of the company’s stock after selling 2,993 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.5% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 24th largest holding. Financial Enhancement Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth about $393,000. Capstone Wealth Management Group LLC grew its position in shares of 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 buying an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. raised its stake 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 acquiring an additional 819 shares during the period. Empowered Funds LLC acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter worth about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Stock Up 3.4%

Shares of QQQM stock opened at $298.03 on Wednesday. The business has a 50 day moving average of $294.40 and a two-hundred day moving average of $271.46. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The company has a market cap of $102.30 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.3522 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.