Invesco NASDAQ 100 ETF $QQQM Shares Sold by Collaborative Wealth Managment Inc.

Collaborative Wealth Managment Inc. decreased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 23,161 shares of the company’s stock after selling 12,052 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 2.5% of Collaborative Wealth Managment Inc.’s investment portfolio, making the stock its 10th largest position. Collaborative Wealth Managment Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $5,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $25,000. Imprint Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. SJS Investment Consulting Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $40,000. Osbon Capital Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $41,000. Finally, Bank & Trust Co acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth about $46,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $295.56 on Thursday. The firm’s 50-day moving average is $296.59 and its two-hundred day moving average is $268.53. Invesco NASDAQ 100 ETF has a 12 month low of $227.00 and a 12 month high of $308.21. The company has a market capitalization of $99.53 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

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

About Invesco NASDAQ 100 ETF

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.