Affinity Wealth Management LLC Sells 484 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Affinity Wealth Management LLC trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 26.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,331 shares of the company’s stock after selling 484 shares during the period. Affinity Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. CarsonAllaria Wealth Management Ltd. purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter worth $27,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $29,000. M&R Capital Management Inc. bought a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at about $28,000. Triad Wealth Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth about $30,000. Finally, GAMMA Investing LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth about $36,000.

Invesco NASDAQ 100 ETF Trading Up 0.9 %

Shares of NASDAQ:QQQM traded up $1.86 during trading on Monday, reaching $204.89. The stock had a trading volume of 211,160 shares, compared to its average volume of 1,837,909. The firm’s 50-day simple moving average is $194.49 and its 200 day simple moving average is $190.71. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The company has a market capitalization of $34.68 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.59%.

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.