Adamsbrown Wealth Consultants LLC Reduces Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Adamsbrown Wealth Consultants LLC lowered its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,578 shares of the company’s stock after selling 2,244 shares during the period. Invesco NASDAQ 100 ETF makes up 7.2% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 4th largest holding. Adamsbrown Wealth Consultants LLC owned about 0.06% of Invesco NASDAQ 100 ETF worth $20,804,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of QQQM. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $27,000. M&R Capital Management Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $29,000. Triad Wealth Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $30,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $32,000.

Invesco NASDAQ 100 ETF Trading Up 0.9 %

QQQM stock traded up $1.90 on Monday, hitting $204.93. The company had a trading volume of 173,734 shares, compared to its average volume of 1,837,720. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The stock’s 50-day simple moving average is $194.49 and its 200 day simple moving average is $190.71. The stock has a market cap of $34.68 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced 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 yield of 0.59%. The ex-dividend date was Monday, September 23rd.

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.