Invesco NASDAQ 100 ETF $QQQM Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,285 shares of the company’s stock after selling 35,703 shares during the period. Invesco NASDAQ 100 ETF accounts for about 2.2% of Fortis Group Advisors LLC’s portfolio, making the stock its 8th largest position. Fortis Group Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $25,000. New Millennium Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $31,000. Imprint Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $31,000. Finally, Bank & Trust Co acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $46,000.

Invesco NASDAQ 100 ETF Trading Up 1.7%

Shares of NASDAQ QQQM opened at $293.63 on Thursday. Invesco NASDAQ 100 ETF has a 12 month low of $208.18 and a 12 month high of $297.29. The company has a 50 day simple moving average of $261.23 and a two-hundred day simple moving average of $256.01. The stock has a market cap of $88.14 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Invesco NASDAQ 100 ETF 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.