Hudock Inc. Sells 87,400 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Hudock Inc. trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 89.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,839 shares of the company’s stock after selling 87,400 shares during the period. Hudock Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M&R Capital Management Inc. bought a new position in Invesco NASDAQ 100 ETF in the first quarter worth about $28,000. Creekmur Asset Management LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $32,000. Larson Financial Group LLC raised its stake in Invesco NASDAQ 100 ETF by 120.5% in the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 106 shares in the last quarter. CVA Family Office LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $34,000. Finally, Richardson Financial Services Inc. bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $40,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock traded up $0.51 during trading on Monday, reaching $204.70. The company had a trading volume of 1,536,925 shares, compared to its average volume of 1,716,060. The company has a market cap of $30.18 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $204.89. The business has a 50 day moving average of $189.83 and a 200 day moving average of $180.97.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, June 24th.

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.