Whitaker Myers Wealth Managers LTD. Has $29.52 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Whitaker Myers Wealth Managers LTD. cut its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.0% during the fourth quarter, Holdings Channel reports. The firm owned 116,700 shares of the company’s stock after selling 11,600 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 6.2% of Whitaker Myers Wealth Managers LTD.’s portfolio, making the stock its 3rd largest holding. Whitaker Myers Wealth Managers LTD.’s holdings in Invesco NASDAQ 100 ETF were worth $29,516,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $538,021,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Invesco NASDAQ 100 ETF by 4,547.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock valued at $228,467,000 after buying an additional 904,626 shares in the last quarter. Bouchey Financial Group Ltd lifted its stake in Invesco NASDAQ 100 ETF by 68,507.2% during the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after buying an additional 587,107 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% in the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after buying an additional 469,957 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 22.4% in the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after acquiring an additional 422,032 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $251.23 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $176.19 and a fifty-two week high of $262.23. The firm’s 50 day simple moving average is $246.86 and its 200-day simple moving average is $250.85. The company has a market cap of $72.84 billion, a P/E ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.