Stratos Wealth Advisors LLC Sells 101 Shares of Invesco NASDAQ 100 ETF $QQQM

Stratos Wealth Advisors LLC lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,069 shares of the company’s stock after selling 101 shares during the period. Stratos Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA increased its position in Invesco NASDAQ 100 ETF by 10.3% in the second quarter. Private Trust Co. NA now owns 8,895 shares of the company’s stock worth $2,020,000 after purchasing an additional 827 shares during the last quarter. Kraft Davis & Associates LLC increased its position in Invesco NASDAQ 100 ETF by 3.9% in the second quarter. Kraft Davis & Associates LLC now owns 2,627 shares of the company’s stock worth $615,000 after purchasing an additional 99 shares during the last quarter. Tide Cove Capital Partners LLC increased its position in Invesco NASDAQ 100 ETF by 1.9% in the second quarter. Tide Cove Capital Partners LLC now owns 37,751 shares of the company’s stock worth $8,829,000 after purchasing an additional 718 shares during the last quarter. Compass Advisory Group LLC increased its position in Invesco NASDAQ 100 ETF by 22.6% in the second quarter. Compass Advisory Group LLC now owns 5,885 shares of the company’s stock worth $1,336,000 after purchasing an additional 1,085 shares during the last quarter. Finally, WJ Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 1.5% in the second quarter. WJ Wealth Management LLC now owns 36,134 shares of the company’s stock worth $8,206,000 after purchasing an additional 536 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $248.61 on Monday. The company’s fifty day moving average is $241.77 and its 200 day moving average is $222.87. 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 capitalization of $64.30 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.