Theory Financial LLC Sells 3,648 Shares of Invesco NASDAQ 100 ETF $QQQM

Theory Financial LLC lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.6% in the first quarter, HoldingsChannel reports. The fund owned 17,105 shares of the company’s stock after selling 3,648 shares during the period. Theory Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,064,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Avaii Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after acquiring an additional 40 shares during the period. Archer Investment Corp boosted its holdings in Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after purchasing an additional 44 shares during the period. Jacobi Capital Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 3.4% during the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after purchasing an additional 44 shares in the last quarter. Blue Trust Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 7.3% during the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after purchasing an additional 46 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 4.6% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after purchasing an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.3%

Shares of QQQM opened at $295.56 on Thursday. Invesco NASDAQ 100 ETF has a 12 month low of $227.00 and a 12 month high of $308.21. The firm’s 50 day moving average is $296.59 and its 200-day moving average is $268.53. The stock has a market capitalization of $99.53 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%.

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.