SMI Advisory Services LLC Decreases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SMI Advisory Services LLC trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 97.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,294 shares of the company’s stock after selling 284,711 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 0.3% of SMI Advisory Services LLC’s holdings, making the stock its 15th biggest holding. SMI Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 793.0% during the 4th quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock valued at $16,021,000 after purchasing an additional 67,604 shares during the last quarter. Northern Trust Corp acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $420,000. Proficio Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $6,882,000. HighTower Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 45,980 shares of the company’s stock worth $9,676,000 after acquiring an additional 587 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Invesco NASDAQ 100 ETF by 1,271.5% during the fourth quarter. Wells Fargo & Company MN now owns 34,369 shares of the company’s stock valued at $7,233,000 after acquiring an additional 31,863 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.8%

Shares of Invesco NASDAQ 100 ETF stock opened at $217.11 on Wednesday. The company has a 50 day moving average price of $197.53 and a 200 day moving average price of $206.40. The firm has a market capitalization of $46.32 billion, a P/E ratio of 30.65 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.3176 dividend. The ex-dividend date was Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.