Invesco NASDAQ 100 ETF $QQQM is Whitaker Myers Wealth Managers LTD.’s 2nd Largest Position

Whitaker Myers Wealth Managers LTD. trimmed its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,300 shares of the company’s stock after selling 8,941 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 6.9% of Whitaker Myers Wealth Managers LTD.’s holdings, making the stock its 2nd largest holding. Whitaker Myers Wealth Managers LTD.’s holdings in Invesco NASDAQ 100 ETF were worth $31,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of QQQM. San Luis Wealth Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $1,932,000. Boyum Wealth Architects LLC lifted its position in Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after acquiring an additional 2,523 shares during the last quarter. Adapt Wealth Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 1.4% in the second quarter. Adapt Wealth Advisors LLC now owns 91,240 shares of the company’s stock valued at $20,721,000 after acquiring an additional 1,303 shares in the last quarter. Bank of Nova Scotia acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at $277,718,000. Finally, Cerity Partners LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 2.9% during the second quarter. Cerity Partners LLC now owns 381,584 shares of the company’s stock worth $86,658,000 after purchasing an additional 10,871 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $256.63 on Friday. The company has a market capitalization of $67.21 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock has a 50-day simple moving average of $253.55 and a 200-day simple moving average of $241.20.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be paid a $0.323 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 22nd.

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.