Integrated Advisors Network LLC Lowers Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Integrated Advisors Network LLC lowered its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 55.8% in the first quarter, Holdings Channel.com reports. The firm owned 3,356 shares of the company’s stock after selling 4,243 shares during the period. Integrated Advisors Network LLC’s holdings in Invesco NASDAQ 100 ETF were worth $798,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clay Northam Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth about $203,000. Investment Advisory Services Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 10.1% during the 1st quarter. Investment Advisory Services Group LLC now owns 21,911 shares of the company’s stock valued at $5,207,000 after acquiring an additional 2,015 shares during the last quarter. Cabana LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.6% during the 1st quarter. Cabana LLC now owns 8,322 shares of the company’s stock valued at $1,978,000 after acquiring an additional 291 shares during the last quarter. Canvas Wealth Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at about $488,000. Finally, Whittier Trust Co. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 13.5% during the 1st quarter. Whittier Trust Co. now owns 631 shares of the company’s stock worth $153,000 after acquiring an additional 75 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $297.78 on Friday. The company’s 50 day simple moving average is $295.20 and its 200 day simple moving average is $267.41. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The stock has a market capitalization of $99.63 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date of this dividend 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.