Worth Asset Management LLC Sells 8,701 Shares of Invesco NASDAQ 100 ETF $QQQM

Worth Asset Management LLC cut its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 48.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,343 shares of the company’s stock after selling 8,701 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 0.8% of Worth Asset Management LLC’s investment portfolio, making the stock its 26th largest holding. Worth Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bison Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $393,000. Capstone Wealth Management Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares during the period. Goldman Sachs Group Inc. boosted its stake in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares during the last quarter. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $303.90 on Tuesday. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21. The company has a market capitalization of $91.22 billion, a PE ratio of 31.95 and a beta of 1.23. The company has a 50 day moving average price of $287.33 and a two-hundred day moving average price of $263.68.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be issued a $0.3522 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $1.41 annualized dividend 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.