Invesco NASDAQ 100 ETF $QQQM Shares Sold by Highland Financial Advisors LLC

Highland Financial Advisors LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,327 shares of the company’s stock after selling 8,536 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 10.0% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Highland Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $45,242,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $25,000. Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. SJS Investment Consulting Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $40,000. Osbon Capital Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $41,000. Finally, Versant Capital Management Inc acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $41,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $296.85 on Tuesday. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21. The company’s 50 day simple moving average is $293.82 and its 200 day simple moving average is $272.64. The company has a market capitalization of $101.90 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date 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.