Theory Financial LLC Sells 3,648 Shares of Invesco NASDAQ 100 ETF $QQQM

Theory Financial LLC lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,105 shares of the company’s stock after selling 3,648 shares during the quarter. Theory Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQM. SouthState Bank Corp boosted its position in Invesco NASDAQ 100 ETF by 16.8% during the 1st quarter. SouthState Bank Corp now owns 1,413 shares of the company’s stock worth $336,000 after acquiring an additional 203 shares during the last quarter. Fusion Family Wealth LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 4.5% in the first quarter. Fusion Family Wealth LLC now owns 159,278 shares of the company’s stock worth $37,848,000 after purchasing an additional 6,913 shares in the last quarter. Advisors Preferred LLC boosted its holdings in Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Advisors Preferred LLC now owns 110,640 shares of the company’s stock worth $26,290,000 after purchasing an additional 13,900 shares during the last quarter. Sigma Planning Corp grew its position in Invesco NASDAQ 100 ETF by 21.6% in the first quarter. Sigma Planning Corp now owns 13,970 shares of the company’s stock valued at $3,320,000 after purchasing an additional 2,479 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its stake in Invesco NASDAQ 100 ETF by 15.2% in the 1st quarter. Cornerstone Advisory LLC now owns 8,658 shares of the company’s stock valued at $2,057,000 after buying an additional 1,143 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $295.56 on Thursday. The business has a 50-day moving average of $296.59 and a 200-day moving average of $268.53. The stock has a market capitalization of $99.53 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.