Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Gerber LLC

Gerber LLC lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,393 shares of the company’s stock after selling 479 shares during the period. Invesco NASDAQ 100 ETF makes up 2.5% of Gerber LLC’s investment portfolio, making the stock its 11th largest position. Gerber LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,971,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QQQM. Blue Trust Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth about $49,000. Sigma Planning Corp lifted its stake in Invesco NASDAQ 100 ETF by 1.4% during the 4th quarter. Sigma Planning Corp now owns 8,912 shares of the company’s stock worth $1,875,000 after acquiring an additional 119 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Invesco NASDAQ 100 ETF by 17.7% during the 4th quarter. First Horizon Advisors Inc. now owns 638 shares of the company’s stock worth $134,000 after acquiring an additional 96 shares in the last quarter. World Equity Group Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth about $565,000. Finally, Colonial River Investments LLC lifted its stake in Invesco NASDAQ 100 ETF by 6.2% during the 4th quarter. Colonial River Investments LLC now owns 23,686 shares of the company’s stock worth $4,985,000 after acquiring an additional 1,373 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $218.80 on Tuesday. The stock’s 50-day moving average is $206.71 and its two-hundred day moving average is $207.17. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $222.64. The company has a market cap of $46.68 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.3161 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 23rd. This represents a $1.26 annualized dividend and a yield of 0.58%.

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.