Avestar Capital LLC Has $6.10 Million Position in Invesco NASDAQ 100 ETF $QQQM

Avestar Capital LLC trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.6% during the third quarter, HoldingsChannel.com reports. The fund owned 24,698 shares of the company’s stock after selling 5,640 shares during the period. Avestar Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,103,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QQQM. Collaborative Wealth Managment Inc. raised its holdings in Invesco NASDAQ 100 ETF by 2.9% in the third quarter. Collaborative Wealth Managment Inc. now owns 34,866 shares of the company’s stock worth $8,616,000 after purchasing an additional 989 shares during the period. Synovus Financial Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $346,000. NewEdge Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $213,000. Fiscal Wisdom Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth $1,651,000. Finally, Essex Financial Services Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 1.8% during the third quarter. Essex Financial Services Inc. now owns 11,928 shares of the company’s stock worth $2,948,000 after acquiring an additional 212 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $249.38 on Thursday. The company has a market capitalization of $71.53 billion, a P/E ratio of 31.95 and a beta of 1.16. The business has a 50-day moving average of $254.00 and a two-hundred day moving average of $248.91. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders 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. The ex-dividend date was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%.

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.