Invesco NASDAQ 100 ETF $QQQM Holdings Reduced by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 47.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 21,953 shares of the company’s stock after selling 19,907 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $5,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in QQQM. SouthState Bank Corp raised its stake 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 valued at $336,000 after acquiring an additional 203 shares in the last quarter. Fusion Family Wealth LLC grew its stake 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 increased its holdings in shares of Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Advisors Preferred LLC now owns 110,640 shares of the company’s stock valued at $26,290,000 after purchasing an additional 13,900 shares during the period. Sigma Planning Corp increased its holdings in shares of Invesco NASDAQ 100 ETF by 21.6% during 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 during the period. Finally, Cornerstone Advisory LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 15.2% during the first quarter. Cornerstone Advisory LLC now owns 8,658 shares of the company’s stock valued at $2,057,000 after purchasing an additional 1,143 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.7%

Shares of NASDAQ QQQM opened at $290.68 on Friday. The stock has a market cap of $97.89 billion, a P/E ratio of 31.95 and a beta of 1.22. The firm’s 50-day simple moving average is $296.69 and its 200 day simple moving average is $268.77. 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 business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a yield of 0.5%.

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.