Presidio Capital Management LLC Sells 1,685 Shares of Invesco NASDAQ 100 ETF $QQQM

Presidio Capital Management LLC trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,324 shares of the company’s stock after selling 1,685 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 0.5% of Presidio Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Presidio Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 91.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after purchasing an additional 1,270 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 80.6% during the first quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Savvy Advisors Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 18.0% during the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after purchasing an additional 398 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the first quarter valued at $203,000. Finally, Northern Trust Corp bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $420,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $243.60 on Tuesday. The company has a market cap of $58.40 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $243.61. The stock’s fifty day moving average price is $234.25 and its 200-day moving average price is $214.60.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.3161 per share. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.5%.

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.