Invesco NASDAQ 100 ETF $QQQM is Prota Financial LLC’s 2nd Largest Position

Prota Financial LLC trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,861 shares of the company’s stock after selling 5,012 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 7.4% of Prota Financial LLC’s investment portfolio, making the stock its 2nd biggest position. Prota Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $11,306,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the first 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 period. Empowered Funds LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Stock Up 3.4%

Shares of QQQM opened at $298.03 on Wednesday. The company has a market cap of $102.30 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $308.21. The firm’s 50 day moving average price is $294.40 and its 200 day moving average price is $271.46.

Invesco NASDAQ 100 ETF Announces Dividend

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