Maridea Wealth Management LLC Sells 4,427 Shares of Invesco NASDAQ 100 ETF $QQQM

Maridea Wealth Management LLC cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,757 shares of the company’s stock after selling 4,427 shares during the quarter. Maridea Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after buying an additional 468,626 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Invesco NASDAQ 100 ETF by 0.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after buying an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco NASDAQ 100 ETF by 1.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after buying an additional 65,487 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Invesco NASDAQ 100 ETF by 11.9% in the fourth quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock worth $742,825,000 after acquiring an additional 313,262 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $290.95 on Friday. The firm has a market cap of $87.34 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 52 week low of $224.15 and a 52 week high of $308.21. The firm’s 50-day simple moving average is $290.23 and its two-hundred day simple moving average is $264.64.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.