Vance Wealth Inc. Sells 2,532 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Vance Wealth Inc. decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,996 shares of the company’s stock after selling 2,532 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 2.1% of Vance Wealth Inc.’s investment portfolio, making the stock its 11th largest position. Vance Wealth Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $4,887,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Arthur M. Cohen & Associates LLC raised its position in shares of Invesco NASDAQ 100 ETF by 32.9% during the third quarter. Arthur M. Cohen & Associates LLC now owns 86,502 shares of the company’s stock worth $12,751,000 after acquiring an additional 21,398 shares during the last quarter. Avestar Capital LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $356,000. Future Financial Wealth Managment LLC raised its position in shares of Invesco NASDAQ 100 ETF by 3.9% during the third quarter. Future Financial Wealth Managment LLC now owns 31,615 shares of the company’s stock worth $4,660,000 after acquiring an additional 1,174 shares during the last quarter. Global Wealth Strategies & Associates bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $6,361,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Invesco NASDAQ 100 ETF by 14.4% during the third quarter. Commonwealth Equity Services LLC now owns 313,286 shares of the company’s stock worth $46,182,000 after acquiring an additional 39,332 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock traded up $2.70 on Friday, reaching $177.35. 1,044,108 shares of the stock were exchanged, compared to its average volume of 1,852,672. Invesco NASDAQ 100 ETF has a one year low of $129.60 and a one year high of $184.88. The stock has a 50 day moving average price of $179.80 and a 200 day moving average price of $168.89. The stock has a market cap of $22.87 billion, a PE ratio of 35.17 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a dividend of $0.3454 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.78%.

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.