Castle Wealth Management LLC Trims Stock Position in Invesco NASDAQ 100 ETF $QQQM

Castle Wealth Management LLC trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,680 shares of the company’s stock after selling 204 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.5% of Castle Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Castle Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,015,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 91.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after purchasing an additional 1,270 shares during the last quarter. Mather Group LLC. grew its position in Invesco NASDAQ 100 ETF by 80.6% during the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. San Luis Wealth Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $1,932,000. Savvy Advisors Inc. grew its position in Invesco NASDAQ 100 ETF by 18.0% during the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after purchasing an additional 398 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $203,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $249.26 on Thursday. The company has a market capitalization of $64.54 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The company’s 50-day moving average is $242.56 and its 200 day moving average is $223.78. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

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