Salem Investment Counselors Inc. Has $236,000 Holdings in Invesco NASDAQ 100 ETF $QQQM

Salem Investment Counselors Inc. decreased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 75.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 935 shares of the company’s stock after selling 2,858 shares during the period. Salem Investment Counselors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jackson Hole Capital Partners LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $26,000. New Millennium Group LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $28,000. Finally, Imprint Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $31,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $241.98 on Thursday. The stock has a 50-day simple moving average of $250.41 and a 200 day simple moving average of $251.04. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The company has a market cap of $69.41 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.3277 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Invesco NASDAQ 100 ETF Company 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.