Whelan Financial Sells 9,627 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Whelan Financial lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,977 shares of the company’s stock after selling 9,627 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 19.6% of Whelan Financial’s investment portfolio, making the stock its largest position. Whelan Financial owned approximately 0.18% of Invesco NASDAQ 100 ETF worth $42,928,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. M&R Capital Management Inc. acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Larson Financial Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 120.5% in the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 106 shares during the period. CVA Family Office LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $34,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $40,000.

Invesco NASDAQ 100 ETF Trading Up 0.8 %

Shares of NASDAQ QQQM traded up $1.66 during mid-day trading on Thursday, reaching $202.06. 1,015,283 shares of the company’s stock were exchanged, compared to its average volume of 1,717,449. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business has a fifty day simple moving average of $189.29 and a 200 day simple moving average of $180.52. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $202.13.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.3199 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Monday, June 24th.

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.