CoreCap Advisors LLC Sells 5,725 Shares of Invesco NASDAQ 100 ETF $QQQM

CoreCap Advisors LLC lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,912 shares of the company’s stock after selling 5,725 shares during the period. Invesco NASDAQ 100 ETF comprises about 0.6% of CoreCap Advisors LLC’s portfolio, making the stock its 27th largest holding. CoreCap Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in QQQM. Jackson Hole Capital Partners LLC bought a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $26,000. New Millennium Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000.

Invesco NASDAQ 100 ETF Stock Down 2.4%

QQQM stock opened at $236.21 on Friday. The firm has a market cap of $67.75 billion, a PE ratio of 31.95 and a beta of 1.16. The business has a 50 day moving average of $250.02 and a 200-day moving average of $250.94. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be given a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 23rd.

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.