Invesco NASDAQ 100 ETF $QQQM is Whelan Financial’s Largest Position

Whelan Financial trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,793 shares of the company’s stock after selling 6,051 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 16.9% of Whelan Financial’s investment portfolio, making the stock its largest holding. Whelan Financial’s holdings in Invesco NASDAQ 100 ETF were worth $53,327,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQM. Cypress Wealth Services LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 3.4% in the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after buying an additional 41 shares during the period. Base Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after purchasing an additional 43 shares in the last quarter. Sand Hill Global Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 4.3% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock valued at $263,000 after buying an additional 48 shares in the last quarter. Freedom Financial Partners LLC lifted its stake in Invesco NASDAQ 100 ETF by 2.6% in the second quarter. Freedom Financial Partners LLC now owns 2,005 shares of the company’s stock worth $455,000 after purchasing an additional 50 shares during the last quarter. Finally, TrueWealth Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 0.7% during the third quarter. TrueWealth Advisors LLC now owns 6,969 shares of the company’s stock valued at $1,722,000 after buying an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $255.71 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a market capitalization of $71.52 billion, a PE ratio of 31.95 and a beta of 1.16. The company has a 50 day moving average price of $253.77 and a 200-day moving average price of $245.39.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.