Silverleafe Capital Partners LLC Trims Position in Invesco NASDAQ 100 ETF $QQQM

Silverleafe Capital Partners LLC cut its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.7% in the second quarter, HoldingsChannel.com reports. The firm owned 2,065 shares of the company’s stock after selling 713 shares during the quarter. Silverleafe Capital Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth $90,815,000. Raymond James Financial Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after purchasing an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after purchasing an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after purchasing an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after purchasing an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $241.50 on Monday. The firm has a fifty day moving average price of $233.92 and a 200-day moving average price of $214.36. The stock has a market cap of $57.90 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $242.01.

Invesco NASDAQ 100 ETF Increases Dividend

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

About Invesco NASDAQ 100 ETF

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.