Smith Chas P & Associates PA Cpas Trims Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Smith Chas P & Associates PA Cpas reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 36.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,068 shares of the company’s stock after selling 48,385 shares during the period. Invesco NASDAQ 100 ETF accounts for 1.8% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 25th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in Invesco NASDAQ 100 ETF were worth $21,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in QQQM. Vantagepoint Investment Advisers LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $538,021,000. Invesco Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF by 18.8% in the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after purchasing an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after purchasing an additional 1,630,000 shares during the period. Soundwatch Capital LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $3,159,000. Finally, Bank of Nova Scotia purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $277,718,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $247.72 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a market capitalization of $71.06 billion, a P/E ratio of 31.95 and a beta of 1.16. The company has a fifty day moving average of $253.47 and a 200 day moving average of $249.91.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd.

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.