NewEdge Advisors LLC Decreases Stake in Invesco NASDAQ 100 ETF $QQQM

NewEdge Advisors LLC reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,951 shares of the company’s stock after selling 9,854 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 0.7% of NewEdge Advisors LLC’s portfolio, making the stock its 23rd biggest holding. NewEdge Advisors LLC owned about 0.05% of Invesco NASDAQ 100 ETF worth $36,819,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. SJS Investment Consulting Inc. bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $40,000. Osbon Capital Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $41,000. Finally, Signature Equity Partners LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 19,600.0% during the 1st quarter. Signature Equity Partners LLC now owns 197 shares of the company’s stock valued at $47,000 after acquiring an additional 196 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 2.0%

Shares of QQQM stock opened at $272.51 on Thursday. The company has a 50 day moving average price of $295.09 and a 200-day moving average price of $270.61. Invesco NASDAQ 100 ETF has a 52 week low of $227.00 and a 52 week high of $308.21. The firm has a market capitalization of $93.23 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors 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 Company 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.