Invesco NASDAQ 100 ETF $QQQM Shares Sold by Landmark Wealth Management LLC

Landmark Wealth Management LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,815 shares of the company’s stock after selling 184 shares during the period. Invesco NASDAQ 100 ETF makes up 1.4% of Landmark Wealth Management LLC’s portfolio, making the stock its 18th largest position. Landmark Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $90,815,000. Raymond James Financial Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 23.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after purchasing an additional 421,792 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Invesco NASDAQ 100 ETF by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after purchasing an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ 100 ETF by 14.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after purchasing an additional 368,544 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after purchasing an additional 271,551 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 3.5%

NASDAQ:QQQM opened at $242.67 on Friday. The firm’s fifty day simple moving average is $240.37 and its 200-day simple moving average is $220.79. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $252.42. The stock has a market cap of $62.39 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend and a 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.