SFG Wealth Management LLC. Trims Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SFG Wealth Management LLC. lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 60.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,663 shares of the company’s stock after selling 8,560 shares during the quarter. SFG Wealth Management LLC.’s holdings in Invesco NASDAQ 100 ETF were worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of QQQM. Northern Trust Corp purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $420,000. Fifth Third Bancorp boosted its holdings in Invesco NASDAQ 100 ETF by 223.5% during the first quarter. Fifth Third Bancorp now owns 495 shares of the company’s stock worth $96,000 after buying an additional 342 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $6,882,000. HighTower Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 45,980 shares of the company’s stock valued at $9,676,000 after buying an additional 587 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Invesco NASDAQ 100 ETF by 1,271.5% in the fourth quarter. Wells Fargo & Company MN now owns 34,369 shares of the company’s stock worth $7,233,000 after acquiring an additional 31,863 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.3%

QQQM stock opened at $222.73 on Thursday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $223.87. The company’s 50-day simple moving average is $208.18 and its 200-day simple moving average is $207.38. The firm has a market cap of $51.37 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 23rd will be issued a $0.3161 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 0.57%. The ex-dividend date is Monday, June 23rd.

Invesco NASDAQ 100 ETF Company 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.