Nwam LLC Sells 2,119 Shares of Invesco NASDAQ 100 ETF $QQQM

Nwam LLC lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,424 shares of the company’s stock after selling 2,119 shares during the quarter. Nwam LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $1,932,000. Savvy Advisors Inc. raised its holdings in Invesco NASDAQ 100 ETF by 18.0% in the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after acquiring an additional 398 shares during the period. Brown Advisory Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter worth approximately $203,000. Beaumont Financial Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth approximately $273,000. Finally, Atlas Legacy Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 0.4% during the second quarter. Atlas Legacy Advisors LLC now owns 81,745 shares of the company’s stock worth $18,564,000 after acquiring an additional 293 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.3%

Shares of NASDAQ QQQM opened at $255.89 on Wednesday. The firm has a market cap of $67.02 billion, a P/E ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average is $248.45 and its 200-day moving average is $231.73. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco NASDAQ 100 ETF

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.