Cassaday & Co Wealth Management LLC Decreases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Cassaday & Co Wealth Management LLC trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,201 shares of the company’s stock after selling 4,048 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $28,000. Hughes Financial Services LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $30,000. HHM Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 273.2% in the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after buying an additional 112 shares during the period. Mather Group LLC. increased its stake in shares of Invesco NASDAQ 100 ETF by 80.6% in the first quarter. Mather Group LLC. now owns 168 shares of the company’s stock worth $32,000 after buying an additional 75 shares during the period. Finally, Pflug Koory LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth $32,000.

Invesco NASDAQ 100 ETF Trading Up 0.5%

Shares of Invesco NASDAQ 100 ETF stock opened at $260.23 on Tuesday. The company’s fifty day simple moving average is $246.15 and its two-hundred day simple moving average is $228.86. The company has a market cap of $68.12 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given 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 of this dividend was Monday, September 22nd.

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.