Crestwood Advisors Group LLC Cuts Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Crestwood Advisors Group LLC reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,609 shares of the company’s stock after selling 733 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. San Luis Wealth Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $1,932,000. Savvy Advisors Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 18.0% in the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after buying an additional 398 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF during the first quarter valued at approximately $203,000. Beaumont Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $273,000. Finally, GAMMA Investing LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 517.9% during the second quarter. GAMMA Investing LLC now owns 1,137 shares of the company’s stock valued at $258,000 after acquiring an additional 953 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

NASDAQ:QQQM opened at $251.06 on Friday. The firm’s fifty day simple moving average is $247.56 and its 200 day simple moving average is $230.22. The stock has a market cap of $65.76 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

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.