Invesco NASDAQ 100 ETF $QQQM Shares Sold by Intrua Financial LLC

Intrua Financial LLC lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 26.3% in the first quarter, HoldingsChannel reports. The fund owned 10,044 shares of the company’s stock after selling 3,580 shares during the quarter. Intrua Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,387,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $25,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Osbon Capital Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $41,000. Bank & Trust Co purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $46,000. Finally, Monetary Solutions Ltd acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $50,000.

Invesco NASDAQ 100 ETF Trading Up 2.4%

Shares of QQQM opened at $298.05 on Tuesday. The firm has a market cap of $89.47 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12 month low of $224.19 and a 12 month high of $308.21. The stock’s 50 day moving average is $290.91 and its two-hundred day moving average is $264.98.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced 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 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.