Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Gerber LLC

Gerber LLC reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,355 shares of the company’s stock after selling 2,324 shares during the period. Invesco NASDAQ 100 ETF comprises 2.3% of Gerber LLC’s portfolio, making the stock its 11th largest position. Gerber LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock valued at $624,000 after acquiring an additional 64 shares during the period. Marble Harbor Investment Counsel LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after buying an additional 66 shares in the last quarter. Northstar Group Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.4% during the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the last quarter. Zhang Financial LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.8% in the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after purchasing an additional 70 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in Invesco NASDAQ 100 ETF by 4.1% during the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock valued at $341,000 after acquiring an additional 74 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM traded up $0.10 during mid-day trading on Monday, reaching $203.62. The company had a trading volume of 682,654 shares, compared to its average volume of 1,832,480. The stock’s 50 day moving average is $196.60 and its 200-day moving average is $191.43. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The stock has a market capitalization of $34.72 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.