Meridian Wealth Management LLC Sells 517 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Meridian Wealth Management LLC trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,616 shares of the company’s stock after selling 517 shares during the quarter. Meridian Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,128,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QQQM. US Bancorp DE increased its position in Invesco NASDAQ 100 ETF by 6.5% during the third quarter. US Bancorp DE now owns 90,937 shares of the company’s stock worth $18,265,000 after acquiring an additional 5,524 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Invesco NASDAQ 100 ETF by 5.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,634 shares of the company’s stock worth $328,000 after purchasing an additional 82 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 18.7% during the third quarter. Farther Finance Advisors LLC now owns 2,154 shares of the company’s stock worth $433,000 after purchasing an additional 339 shares during the period. Clear Creek Financial Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 34.2% in the third quarter. Clear Creek Financial Management LLC now owns 24,834 shares of the company’s stock valued at $4,988,000 after buying an additional 6,332 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 40.5% in the third quarter. Carmichael Hill & Associates Inc. now owns 11,662 shares of the company’s stock valued at $2,342,000 after buying an additional 3,359 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $209.26 on Monday. The business’s 50 day simple moving average is $214.93 and its 200 day simple moving average is $207.29. Invesco NASDAQ 100 ETF has a 1 year low of $169.96 and a 1 year high of $222.64. The company has a market capitalization of $41.55 billion, a P/E ratio of 33.44 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.