Prime Capital Investment Advisors LLC Has $1.51 Million Position in Invesco NASDAQ 100 ETF $QQQM

Prime Capital Investment Advisors LLC lowered its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 65.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,643 shares of the company’s stock after selling 12,374 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,509,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QQQM. Union Bancaire Privee UBP SA acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $25,000. Westwind Capital acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $27,000. NorthRock Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $28,000. Crews Bank & Trust raised its position in shares of Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $30,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $251.71 on Thursday. The firm has a market cap of $64.58 billion, a P/E ratio of 31.95 and a beta of 1.18. The stock’s 50-day moving average is $239.70 and its 200-day moving average is $220.02. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $251.84.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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