Prism Advisors Inc. Decreases Holdings in Invesco NASDAQ 100 ETF $QQQM

Prism Advisors Inc. decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,047 shares of the company’s stock after selling 2,289 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.6% of Prism Advisors Inc.’s holdings, making the stock its 20th biggest holding. Prism Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $6,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Bison Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $393,000. Capstone Wealth Management Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $534,000.

Invesco NASDAQ 100 ETF Stock Down 0.1%

Shares of QQQM opened at $301.01 on Friday. The company has a market cap of $103.32 billion, a PE ratio of 31.95 and a beta of 1.23. The business has a fifty day moving average of $293.59 and a 200 day moving average of $273.74. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders 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 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.