Maridea Wealth Management LLC Lowers Position in Invesco NASDAQ 100 ETF $QQQM

Maridea Wealth Management LLC cut its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 24.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,757 shares of the company’s stock after selling 4,427 shares during the period. Maridea Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,269,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Avaii Wealth Management LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after purchasing an additional 40 shares during the last quarter. Archer Investment Corp boosted its holdings in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after purchasing an additional 44 shares during the last quarter. Blue Trust Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 7.3% during the first quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after purchasing an additional 46 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. grew its position in Invesco NASDAQ 100 ETF by 4.6% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after purchasing an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $290.95 on Friday. The firm has a market cap of $87.34 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 52 week low of $224.15 and a 52 week high of $308.21. The firm has a 50-day moving average price of $290.23 and a two-hundred day moving average price of $264.64.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.3522 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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