Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by West Michigan Advisors LLC

West Michigan Advisors LLC cut its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,267 shares of the company’s stock after selling 379 shares during the period. West Michigan Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $656,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Calton & Associates Inc. purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $251,000. Silverleafe Capital Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Silverleafe Capital Partners LLC now owns 1,280 shares of the company’s stock worth $234,000 after acquiring an additional 87 shares during the last quarter. Monumental Financial Group Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 7.0% during the 1st quarter. Monumental Financial Group Inc. now owns 60,625 shares of the company’s stock valued at $11,076,000 after buying an additional 3,990 shares during the period. CRA Financial Services LLC increased its stake in Invesco NASDAQ 100 ETF by 30.2% during the first quarter. CRA Financial Services LLC now owns 1,790 shares of the company’s stock worth $327,000 after acquiring an additional 415 shares during the last quarter. Finally, Richardson Capital Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 2,146.7% in the first quarter. Richardson Capital Management LLC now owns 337 shares of the company’s stock valued at $61,000 after buying an additional 322 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.8 %

Shares of NASDAQ QQQM opened at $202.62 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The stock has a fifty day moving average price of $197.60 and a 200 day moving average price of $191.90. The company has a market cap of $34.67 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, September 23rd.

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.