Soltis Investment Advisors LLC Sells 1,373 Shares of Invesco NASDAQ 100 ETF $QQQM

Soltis Investment Advisors LLC decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 58.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 959 shares of the company’s stock after selling 1,373 shares during the period. Soltis Investment Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC grew its position in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at $203,000. Financial Gravity Asset Management Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth about $58,000. Finally, Rik Saylor Financial Inc. boosted its stake in Invesco NASDAQ 100 ETF by 8.3% in the 1st quarter. Rik Saylor Financial Inc. now owns 7,020 shares of the company’s stock worth $1,355,000 after purchasing an additional 538 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of QQQM opened at $251.06 on Friday. The business’s 50-day moving average price is $247.56 and its 200-day moving average price is $230.22. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The stock has a market cap of $65.76 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.