Northwest Capital Management Inc Sells 1,158 Shares of Invesco NASDAQ 100 ETF $QQQM

Northwest Capital Management Inc lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,199 shares of the company’s stock after selling 1,158 shares during the period. Northwest Capital Management Inc’s holdings in Invesco NASDAQ 100 ETF were worth $1,181,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in QQQM. Westwind Capital bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $27,000. NorthRock Partners LLC bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth about $28,000. Crews Bank & Trust increased its holdings in Invesco NASDAQ 100 ETF by 328.6% during the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Hughes Financial Services LLC bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth about $30,000. Finally, HHM Wealth Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 273.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 2.1%

QQQM stock opened at $247.83 on Tuesday. The stock has a 50-day moving average price of $240.68 and a two-hundred day moving average price of $221.33. The stock has a market cap of $63.73 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.