Fusion Family Wealth LLC Sells 4,121 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Fusion Family Wealth LLC reduced its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,697 shares of the company’s stock after selling 4,121 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 2.7% of Fusion Family Wealth LLC’s investment portfolio, making the stock its 13th largest position. Fusion Family Wealth LLC owned 0.07% of Invesco NASDAQ 100 ETF worth $29,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Atria Investments Inc raised its position in shares of Invesco NASDAQ 100 ETF by 348.4% during the 4th quarter. Atria Investments Inc now owns 44,079 shares of the company’s stock valued at $9,276,000 after buying an additional 34,249 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $6,882,000. Dana Investment Advisors Inc. raised its position in Invesco NASDAQ 100 ETF by 13.8% during the fourth quarter. Dana Investment Advisors Inc. now owns 2,098 shares of the company’s stock valued at $442,000 after purchasing an additional 255 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $374,557,000. Finally, Ethos Financial Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 3,690.5% during the fourth quarter. Ethos Financial Group LLC now owns 39,573 shares of the company’s stock worth $8,328,000 after purchasing an additional 38,529 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.7%

QQQM opened at $226.71 on Thursday. The stock has a market capitalization of $48.36 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $227.54. The stock has a 50-day moving average price of $212.47 and a 200-day moving average price of $207.70.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.3161 per share. The ex-dividend date was Monday, June 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 0.56%.

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.