SFG Wealth Management LLC. Cuts Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SFG Wealth Management LLC. lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 60.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,663 shares of the company’s stock after selling 8,560 shares during the period. SFG Wealth Management LLC.’s holdings in Invesco NASDAQ 100 ETF were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $25,000. Crews Bank & Trust lifted its stake in Invesco NASDAQ 100 ETF by 328.6% in the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Tucker Asset Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 122.0% during the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $46,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $222.73 on Thursday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $223.87. The stock has a market cap of $51.37 billion, a PE ratio of 31.95 and a beta of 1.16. The stock has a 50 day moving average price of $208.18 and a 200 day moving average price of $207.38.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.3161 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 23rd. This represents a $1.26 annualized dividend and a dividend yield of 0.57%.

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.