Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 49.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,365 shares of the company’s stock after selling 37,752 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,192,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of QQQM. M&R Capital Management Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the first quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $32,000. Larson Financial Group LLC raised its position 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 valued at $33,000 after purchasing an additional 106 shares during the period. CVA Family Office LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $34,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $40,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded up $1.23 during mid-day trading on Friday, hitting $203.67. 1,724,904 shares of the company traded hands, compared to its average volume of 1,717,571. The firm’s 50 day simple moving average is $192.17 and its 200 day simple moving average is $181.81. The firm has a market cap of $30.03 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 $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.