Invesco NASDAQ 100 ETF $QQQM Shares Sold by Latko Wealth Management Ltd.

Latko Wealth Management Ltd. cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,336 shares of the company’s stock after selling 3,078 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 13.0% of Latko Wealth Management Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Latko Wealth Management Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $26,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Avaii Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after purchasing an additional 40 shares during the period. Archer Investment Corp lifted its position in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after purchasing an additional 44 shares during the period. Foresight Capital Management Advisors Inc. lifted its position in Invesco NASDAQ 100 ETF by 4.6% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after purchasing an additional 47 shares during the period. Investor s Fiduciary Advisor Network LLC lifted its position in Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Investor s Fiduciary Advisor Network LLC now owns 1,508 shares of the company’s stock valued at $372,000 after purchasing an additional 50 shares during the period. Finally, ROSS JOHNSON & Associates LLC lifted its position in Invesco NASDAQ 100 ETF by 23.1% during the third quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after purchasing an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $302.85 on Friday. The company has a market capitalization of $90.91 billion, a PE ratio of 31.95 and a beta of 1.21. The company has a fifty day moving average of $267.28 and a 200 day moving average of $257.80. Invesco NASDAQ 100 ETF has a 1 year low of $210.80 and a 1 year high of $303.26.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.