Cresset Asset Management LLC Sells 5,231 Shares of Invesco NASDAQ 100 ETF $QQQM

Cresset Asset Management LLC lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 367,314 shares of the company’s stock after selling 5,231 shares during the quarter. Cresset Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $90,771,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQM. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 1,473.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after acquiring an additional 5,333 shares during the period. Evolution Wealth Management Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 51,972.7% during the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after purchasing an additional 5,717 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $617,000. Boyum Wealth Architects LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares during the last quarter. Finally, Brookstone Capital Management increased its stake in Invesco NASDAQ 100 ETF by 49.7% in the 3rd quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after buying an additional 24,904 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $247.72 on Wednesday. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The firm has a 50-day moving average of $253.47 and a two-hundred day moving average of $249.91. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 annualized dividend and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco NASDAQ 100 ETF Company 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.