Worth Asset Management LLC Decreases Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Worth Asset Management LLC trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,077 shares of the company’s stock after selling 552 shares during the quarter. Invesco NASDAQ 100 ETF makes up 1.6% of Worth Asset Management LLC’s portfolio, making the stock its 13th biggest holding. Worth Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,028,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of QQQM. Moisand Fitzgerald Tamayo LLC increased its stake in Invesco NASDAQ 100 ETF by 78.8% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 236 shares of the company’s stock worth $47,000 after acquiring an additional 104 shares during the last quarter. Christopher J. Hasenberg Inc boosted its holdings in Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Christopher J. Hasenberg Inc now owns 35,755 shares of the company’s stock valued at $7,200,000 after purchasing an additional 3,953 shares during the last quarter. Strategic Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 18.7% in the third quarter. Strategic Advisors LLC now owns 9,535 shares of the company’s stock valued at $1,915,000 after purchasing an additional 1,504 shares during the last quarter. Modus Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 2.5% in the third quarter. Modus Advisors LLC now owns 68,035 shares of the company’s stock valued at $13,665,000 after purchasing an additional 1,667 shares during the last quarter. Finally, Guardian Asset Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $6,471,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $202.33 on Friday. The company has a market capitalization of $34.13 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The stock has a 50-day moving average price of $194.12 and a 200 day moving average price of $190.46.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Monday, September 23rd.

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.