Invesco NASDAQ 100 ETF $QQQM Shares Sold by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,504 shares of the company’s stock after selling 300 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Seneca House Advisors boosted its holdings in Invesco NASDAQ 100 ETF by 5.2% in the first quarter. Seneca House Advisors now owns 1,188 shares of the company’s stock worth $229,000 after purchasing an additional 59 shares during the period. Opulen Financial Group LLC grew its position in shares of Invesco NASDAQ 100 ETF by 1.3% during the 1st quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after buying an additional 59 shares during the last quarter. Compass Advisory Group LLC raised its stake in Invesco NASDAQ 100 ETF by 1.3% during the first quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock worth $927,000 after acquiring an additional 60 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.0% in the first quarter. Robertson Stephens Wealth Management LLC now owns 3,168 shares of the company’s stock worth $611,000 after acquiring an additional 61 shares during the last quarter. Finally, Purus Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 0.4% in the first quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after acquiring an additional 61 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $241.50 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $242.01. The firm has a market capitalization of $57.90 billion, a P/E ratio of 31.95 and a beta of 1.18. The business has a 50 day simple moving average of $233.92 and a 200 day simple moving average of $214.30.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.3161 per share. This represents a $1.26 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.