Prospect Financial Services LLC Has $241,000 Position in Invesco NASDAQ 100 ETF $QQQM

Prospect Financial Services LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 67.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,061 shares of the company’s stock after selling 2,248 shares during the quarter. Prospect Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $241,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pflug Koory LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth approximately $32,000. NorthRock Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $28,000. HHM Wealth Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 273.2% in the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after acquiring an additional 112 shares during the last quarter. PrairieView Partners LLC lifted its stake in Invesco NASDAQ 100 ETF by 400.0% in 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 last quarter. Finally, Rosenberg Matthew Hamilton bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth $43,000.

Invesco NASDAQ 100 ETF Stock Down 2.0%

Shares of QQQM stock opened at $250.48 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The stock’s fifty day simple moving average is $249.15 and its 200 day simple moving average is $232.03. The firm has a market capitalization of $65.60 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.