Invesco NASDAQ 100 ETF $QQQM Shares Sold by Latko Wealth Management Ltd.

Latko Wealth Management Ltd. reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 108,414 shares of the company’s stock after selling 3,223 shares during the quarter. Invesco NASDAQ 100 ETF makes up 13.6% of Latko Wealth Management Ltd.’s portfolio, making the stock its 3rd biggest position. Latko Wealth Management Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $26,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC grew its stake in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at approximately $742,000. Finally, DAVENPORT & Co LLC raised its position in shares of Invesco NASDAQ 100 ETF by 26.4% during the second quarter. DAVENPORT & Co LLC now owns 3,143 shares of the company’s stock worth $714,000 after purchasing an additional 657 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 2.1%

Shares of QQQM opened at $251.01 on Monday. The business’s fifty day moving average is $255.13 and its 200 day moving average is $248.07. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The stock has a market cap of $72.00 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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.