Procyon Advisors LLC Has $9.27 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Procyon Advisors LLC lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,027 shares of the company’s stock after selling 4,878 shares during the quarter. Procyon Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. Imprint Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $31,000. SJS Investment Consulting Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $40,000. Osbon Capital Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $41,000. Finally, Bank & Trust Co bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $46,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $298.72 on Monday. The company has a market cap of $100.14 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The company has a 50 day moving average of $295.73 and a 200-day moving average of $267.72. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.