PSI Advisors LLC Sells 106 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

PSI Advisors LLC reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,118 shares of the company’s stock after selling 106 shares during the period. PSI Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $988,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Union Bancaire Privee UBP SA bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $25,000. Nemes Rush Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 122.0% in the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock valued at $43,000 after buying an additional 111 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $46,000. Finally, Blue Trust Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $49,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $217.82 on Wednesday. The company’s 50-day simple moving average is $204.30 and its 200-day simple moving average is $207.13. The stock has a market capitalization of $46.47 billion, a P/E ratio of 32.67 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3176 dividend. The ex-dividend date was Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

Invesco NASDAQ 100 ETF Company 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.