Silver Oak Securities Incorporated Sells 8,280 Shares of Invesco NASDAQ 100 ETF $QQQM

Silver Oak Securities Incorporated lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 48,413 shares of the company’s stock after selling 8,280 shares during the period. Invesco NASDAQ 100 ETF comprises 0.8% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 24th biggest position. Silver Oak Securities Incorporated’s holdings in Invesco NASDAQ 100 ETF were worth $12,347,000 at the end of the most recent quarter.

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

Invesco NASDAQ 100 ETF Trading Down 0.8%

QQQM stock opened at $229.87 on Tuesday. The firm has a market cap of $65.94 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The company has a fifty day simple moving average of $249.02 and a 200 day simple moving average of $250.99.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd.

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.