Invesco NASDAQ 100 ETF $QQQM Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 53.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 12,064 shares of the company’s stock after selling 13,870 shares during the period. Money Concepts Capital Corp’s holdings in Invesco NASDAQ 100 ETF were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Garner Asset Management Corp acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $31,000. SJS Investment Consulting Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth about $40,000. Osbon Capital Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth about $41,000. Finally, Bank & Trust Co acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth about $46,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock traded up $0.94 during trading hours on Friday, hitting $298.72. 2,619,746 shares of the stock traded hands, compared to its average volume of 4,542,785. The firm’s 50 day moving average price is $295.73 and its 200-day moving average price is $267.63. The stock has a market capitalization of $99.94 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%.

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.