Dechtman Wealth Management LLC Has $14.23 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Dechtman Wealth Management LLC lessened its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,622 shares of the company’s stock after selling 58,710 shares during the period. Invesco NASDAQ 100 ETF accounts for 2.8% of Dechtman Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Dechtman Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth about $32,000. Blue Trust Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $49,000. Finally, Hobbs Group Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after buying an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.6 %

QQQM opened at $203.13 on Wednesday. The business has a 50 day moving average of $210.30 and a 200-day moving average of $207.87. The stock has a market cap of $40.34 billion, a PE ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.3176 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend is Monday, March 24th.

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.