Salem Investment Counselors Inc. Sells 2,858 Shares of Invesco NASDAQ 100 ETF $QQQM

Salem Investment Counselors Inc. reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 75.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 935 shares of the company’s stock after selling 2,858 shares during the period. Salem Investment Counselors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $236,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Hole Capital Partners LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $26,000. New Millennium Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $28,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $31,000.

Invesco NASDAQ 100 ETF Trading Up 0.6%

QQQM stock opened at $241.98 on Thursday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The business’s 50 day simple moving average is $250.41 and its 200 day simple moving average is $251.04. The firm has a market capitalization of $69.41 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, March 23rd.

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.