Castle Wealth Management LLC Cuts Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Castle Wealth Management LLC lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,855 shares of the company’s stock after selling 838 shares during the period. Invesco NASDAQ 100 ETF comprises 2.3% of Castle Wealth Management LLC’s portfolio, making the stock its 11th largest holding. Castle Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in QQQM. Whitaker Myers Wealth Managers LTD. raised its stake in shares of Invesco NASDAQ 100 ETF by 32.4% during the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 102,113 shares of the company’s stock worth $17,210,000 after buying an additional 24,984 shares during the last quarter. IFG Advisory LLC raised its position in Invesco NASDAQ 100 ETF by 23.7% during the fourth quarter. IFG Advisory LLC now owns 5,011 shares of the company’s stock worth $845,000 after acquiring an additional 961 shares during the last quarter. Next Capital Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3.6% in the fourth quarter. Next Capital Management LLC now owns 1,804 shares of the company’s stock valued at $304,000 after purchasing an additional 62 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Invesco NASDAQ 100 ETF by 158.7% in the fourth quarter. AdvisorNet Financial Inc now owns 21,493 shares of the company’s stock valued at $3,622,000 after purchasing an additional 13,184 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $65,475,000.

Invesco NASDAQ 100 ETF Stock Down 2.1 %

Shares of Invesco NASDAQ 100 ETF stock traded down $3.63 during trading on Friday, hitting $170.63. 2,813,912 shares of the company were exchanged, compared to its average volume of 1,880,328. Invesco NASDAQ 100 ETF has a fifty-two week low of $127.47 and a fifty-two week high of $184.88. The firm has a 50 day moving average price of $180.10 and a 200 day moving average price of $167.85. The stock has a market capitalization of $21.88 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.81%.

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.