Invesco NASDAQ 100 ETF $QQQM Shares Sold by Lido Advisors LLC

Lido Advisors LLC reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 91.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,292 shares of the company’s stock after selling 55,416 shares during the quarter. Lido Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,258,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in QQQM. Nicholas Wealth LLC. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $1,164,000. Florida Financial Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 71.0% in the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after acquiring an additional 7,252 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Invesco NASDAQ 100 ETF by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after purchasing an additional 62,705 shares during the period. Galvin Gaustad & Stein LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 1,046.7% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after purchasing an additional 46,409 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock worth $21,683,000 after purchasing an additional 22,077 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of NASDAQ:QQQM opened at $280.86 on Tuesday. The company has a market cap of $95.81 billion, a P/E ratio of 31.95 and a beta of 1.22. The business has a fifty day simple moving average of $295.73 and a 200-day simple moving average of $270.34. Invesco NASDAQ 100 ETF has a 52 week low of $227.00 and a 52 week high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend 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.