Ranch Capital Advisors Inc. Cuts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Ranch Capital Advisors Inc. trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,407 shares of the company’s stock after selling 592 shares during the period. Ranch Capital Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,455,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Westwind Capital purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth approximately $27,000. Pflug Koory LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth approximately $32,000. NorthRock Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth approximately $28,000. HHM Wealth Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 273.2% in the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after acquiring an additional 112 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at $30,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $254.02 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $254.58. The business has a fifty day moving average of $243.14 and a two-hundred day moving average of $224.88. The company has a market cap of $66.10 billion, a P/E ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.