Intrua Financial LLC Cuts Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Intrua Financial LLC lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 41.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,794 shares of the company’s stock after selling 1,245 shares during the quarter. Intrua Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of QQQM. Northern Trust Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $420,000. Bison Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $393,000. Gotham Asset Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 37.0% in the fourth quarter. Gotham Asset Management LLC now owns 2,627 shares of the company’s stock valued at $553,000 after buying an additional 709 shares during the last quarter. Royal Bank of Canada increased its holdings in Invesco NASDAQ 100 ETF by 10.6% in the fourth quarter. Royal Bank of Canada now owns 715,760 shares of the company’s stock valued at $150,632,000 after buying an additional 68,889 shares during the last quarter. Finally, Snowden Capital Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $347,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $241.50 on Friday. The firm has a market capitalization of $57.90 billion, a PE ratio of 31.95 and a beta of 1.18. The business’s fifty day moving average price is $233.92 and its 200 day moving average price is $214.29. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $242.01.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.3161 dividend. This represents a $1.26 annualized dividend and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 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.