Invesco NASDAQ 100 ETF $QQQM Shares Sold by Tobias Financial Advisors Inc.

Tobias Financial Advisors Inc. decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,847 shares of the company’s stock after selling 2,584 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 5.6% of Tobias Financial Advisors Inc.’s holdings, making the stock its 4th biggest holding. Tobias Financial Advisors Inc. owned 0.05% of Invesco NASDAQ 100 ETF worth $39,417,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Avaii Wealth Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 2.8% in the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after buying an additional 40 shares in the last quarter. Archer Investment Corp raised its stake in shares of Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after buying an additional 44 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after buying an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. raised its stake in shares of 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 valued at $270,000 after buying an additional 47 shares in the last quarter. Finally, Motiv8 Investments LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 0.5% in the 4th quarter. Motiv8 Investments LLC now owns 9,410 shares of the company’s stock valued at $2,380,000 after buying an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $297.01 on Monday. The firm has a fifty day moving average of $280.33 and a 200-day moving average of $261.60. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21. The stock has a market cap of $89.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change 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.