Invesco NASDAQ 100 ETF $QQQM Shares Sold by Modus Advisors LLC

Modus Advisors LLC reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 57,467 shares of the company’s stock after selling 9,607 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 3.8% of Modus Advisors LLC’s holdings, making the stock its 2nd biggest position. Modus Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bright Futures Wealth Management LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $617,000. Bank of New York Mellon Corp grew its stake in shares of Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after buying an additional 62,705 shares during the period. Drake & Associates LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 4.7% in the 3rd quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock valued at $12,845,000 after buying an additional 2,268 shares during the period. Blue Edge Capital LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after buying an additional 5,309 shares during the period. Finally, Atria Investments Inc grew its stake in shares of Invesco NASDAQ 100 ETF by 6.1% in the 3rd quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock valued at $14,093,000 after buying an additional 3,275 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $290.35 on Friday. The stock has a 50-day moving average of $274.56 and a 200-day moving average of $259.83. The company has a market cap of $87.16 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a one year low of $215.55 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

About Invesco NASDAQ 100 ETF

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.