Arkansas Financial Group Inc. Sells 157 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arkansas Financial Group Inc. reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,065 shares of the company’s stock after selling 157 shares during the quarter. Arkansas Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,298,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Kennicott Capital Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth $6,363,000. Raub Brock Capital Management LP bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth $6,012,000. Avaii Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 20.2% in the 1st quarter. Avaii Wealth Management LLC now owns 1,735 shares of the company’s stock worth $335,000 after purchasing an additional 292 shares during the period. CRA Financial Services LLC raised its holdings in Invesco NASDAQ 100 ETF by 58.3% in the 1st quarter. CRA Financial Services LLC now owns 4,981 shares of the company’s stock worth $961,000 after purchasing an additional 1,835 shares during the period. Finally, Marshall Financial Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 19.0% during the first quarter. Marshall Financial Group LLC now owns 6,314 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,009 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.3%

NASDAQ:QQQM opened at $216.94 on Friday. The business’s 50-day simple moving average is $202.80 and its two-hundred day simple moving average is $206.99. The stock has a market cap of $46.28 billion, a PE ratio of 32.67 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.