Prism Advisors Inc. Trims Stake in Invesco NASDAQ 100 ETF $QQQM

Prism Advisors Inc. lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.4% in the 2nd quarter, Holdings Channel reports. The firm owned 22,047 shares of the company’s stock after selling 2,289 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 1.6% of Prism Advisors Inc.’s portfolio, making the stock its 20th biggest position. Prism Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $6,680,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QQQM. Florida Financial Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 71.0% during the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after buying an additional 7,252 shares in the last quarter. Nicholas Wealth LLC. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $1,164,000. Bank of New York Mellon Corp grew its stake in Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after acquiring an additional 62,705 shares in the last quarter. JDM Financial Group LLC grew its stake in Invesco NASDAQ 100 ETF by 37.2% in the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after acquiring an additional 2,143 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 48,765 shares of the company’s stock worth $12,334,000 after acquiring an additional 1,971 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $301.01 on Friday. The firm’s 50 day simple moving average is $293.59 and its 200-day simple moving average is $273.74. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $308.21. The firm has a market cap of $103.32 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a 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.