GK Wealth Management LLC Sells 167 Shares of Invesco NASDAQ 100 ETF $QQQM

GK Wealth Management LLC lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 5,963 shares of the company’s stock after selling 167 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.3% of GK Wealth Management LLC’s holdings, making the stock its 17th biggest holding. GK Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,151,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQM. Northern Trust Corp bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth about $420,000. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $393,000. Baird Financial Group Inc. bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $1,384,000. Captrust Financial Advisors boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the 4th quarter. Captrust Financial Advisors now owns 5,762 shares of the company’s stock valued at $1,213,000 after purchasing an additional 74 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 37.0% in the 4th quarter. Gotham Asset Management LLC now owns 2,627 shares of the company’s stock valued at $553,000 after purchasing an additional 709 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.0%

Shares of NASDAQ QQQM opened at $239.06 on Thursday. The firm has a market capitalization of $57.31 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $240.30. The firm’s 50-day moving average is $233.43 and its 200-day moving average is $213.90.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a $0.3161 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.26 annualized dividend and a dividend yield of 0.5%.

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.