Smith Moore & CO. Lowers Position in Invesco NASDAQ 100 ETF $QQQM

Smith Moore & CO. cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 47.7% in the fourth quarter, Holdings Channel reports. The fund owned 10,573 shares of the company’s stock after selling 9,651 shares during the quarter. Smith Moore & CO.’s holdings in Invesco NASDAQ 100 ETF were worth $2,674,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter worth about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $251.60 on Monday. The company has a market capitalization of $73.20 billion, a PE ratio of 31.95 and a beta of 1.19. The company has a 50-day simple moving average of $246.77 and a two-hundred day simple moving average of $250.95. Invesco NASDAQ 100 ETF has a one year low of $176.19 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

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.