Invesco NASDAQ 100 ETF $QQQM Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 41.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,285 shares of the company’s stock after selling 35,703 shares during the period. Invesco NASDAQ 100 ETF makes up about 2.2% of Fortis Group Advisors LLC’s portfolio, making the stock its 8th biggest position. Fortis Group Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,875,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bright Futures Wealth Management LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $617,000. Aspire Growth Partners LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 12.4% in the 3rd quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock valued at $6,166,000 after purchasing an additional 2,747 shares during the period. Drake & Associates LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 4.7% in the 3rd quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock valued at $12,845,000 after purchasing an additional 2,268 shares during the period. Atria Investments Inc lifted its stake in shares of Invesco NASDAQ 100 ETF by 6.1% in the 3rd quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock valued at $14,093,000 after purchasing an additional 3,275 shares during the period. Finally, Blue Edge Capital LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after purchasing an additional 5,309 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $293.63 on Thursday. The firm has a fifty day moving average price of $261.23 and a 200 day moving average price of $256.01. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.29. The stock has a market cap of $88.14 billion, a P/E ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.