Richard W. Paul & Associates LLC Sells 486 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Richard W. Paul & Associates LLC reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.1% during the third quarter, HoldingsChannel reports. The fund owned 4,838 shares of the company’s stock after selling 486 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $972,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after buying an additional 3,978,954 shares during the period. Cetera Investment Advisers grew its stake in Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after buying an additional 879,707 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $87,237,000. Finally, Hollencrest Capital Management lifted its position in shares of Invesco NASDAQ 100 ETF by 1,241.6% during the first quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock worth $75,696,000 after acquiring an additional 383,458 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $203.52 on Friday. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The firm has a market capitalization of $34.71 billion, a P/E ratio of 34.39 and a beta of 1.18. The business has a fifty day moving average price of $196.60 and a 200-day moving average price of $191.29.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.59%.

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.