NewEdge Advisors LLC Sells 9,854 Shares of Invesco NASDAQ 100 ETF $QQQM

NewEdge Advisors LLC lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,951 shares of the company’s stock after selling 9,854 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 0.7% of NewEdge Advisors LLC’s portfolio, making the stock its 23rd biggest holding. NewEdge Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $36,819,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares during the last quarter. Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Trading Down 2.0%

Shares of QQQM stock opened at $272.51 on Thursday. Invesco NASDAQ 100 ETF has a 12 month low of $227.00 and a 12 month high of $308.21. The stock has a market cap of $93.23 billion, a P/E ratio of 31.95 and a beta of 1.22. The company has a 50 day simple moving average of $295.09 and a two-hundred day simple moving average of $270.61.

Invesco NASDAQ 100 ETF Announces Dividend

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

Invesco NASDAQ 100 ETF 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.