Stockman Wealth Management Inc. Trims Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Stockman Wealth Management Inc. reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 73.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,297 shares of the company’s stock after selling 3,625 shares during the period. Stockman Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $219,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in QQQM. LPL Financial LLC grew its holdings in Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after buying an additional 428,164 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Invesco NASDAQ 100 ETF by 8.4% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,393,233 shares of the company’s stock valued at $500,196,000 after purchasing an additional 262,963 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Invesco NASDAQ 100 ETF by 25.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock worth $212,461,000 after acquiring an additional 254,025 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock valued at $170,669,000 after purchasing an additional 94,790 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV increased its holdings in shares of Invesco NASDAQ 100 ETF by 53.0% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock valued at $176,150,000 after acquiring an additional 362,075 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM traded up $2.58 during trading on Tuesday, reaching $174.93. The stock had a trading volume of 768,448 shares, compared to its average volume of 1,860,465. Invesco NASDAQ 100 ETF has a one year low of $127.47 and a one year high of $184.88. The stock has a market cap of $22.43 billion, a PE ratio of 35.17 and a beta of 1.18. The firm’s 50 day moving average price is $179.97 and its two-hundred day moving average price is $168.32.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.3454 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.38 annualized dividend and a dividend yield of 0.79%.

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.