Invesco NASDAQ 100 ETF $QQQM is Spectrum Wealth Advisory Group LLC’s 7th Largest Position

Spectrum Wealth Advisory Group LLC trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 56.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 39,619 shares of the company’s stock after selling 50,656 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 4.2% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 7th biggest holding. Spectrum Wealth Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NorthRock Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth $28,000. HHM Wealth Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 273.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after buying an additional 112 shares during the period. Pflug Koory LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $32,000. PrairieView Partners LLC boosted its stake in Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Finally, ROSS JOHNSON & Associates LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $42,000.

Invesco NASDAQ 100 ETF Stock Up 2.6%

Shares of NASDAQ QQQM opened at $249.14 on Tuesday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The company has a market cap of $65.25 billion, a P/E ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average is $250.06 and its two-hundred day moving average is $234.88.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a 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.