GPS Wealth Strategies Group LLC Sells 66,428 Shares of Invesco NASDAQ 100 ETF $QQQM

GPS Wealth Strategies Group LLC trimmed its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 98.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 813 shares of the company’s stock after selling 66,428 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bright Futures Wealth Management LLC. bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $617,000. Aspire Growth Partners LLC boosted its position in Invesco NASDAQ 100 ETF by 12.4% during the third quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock worth $6,166,000 after purchasing an additional 2,747 shares during the period. Drake & Associates LLC boosted its position in Invesco NASDAQ 100 ETF by 4.7% during the third quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock worth $12,845,000 after purchasing an additional 2,268 shares during the period. Atria Investments Inc boosted its position in Invesco NASDAQ 100 ETF by 6.1% during the third quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock worth $14,093,000 after purchasing an additional 3,275 shares during the period. Finally, Blue Edge Capital LLC boosted its position in Invesco NASDAQ 100 ETF by 29.9% during the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after purchasing an additional 5,309 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $295.44 on Friday. The company has a fifty day moving average price of $263.01 and a two-hundred day moving average price of $256.53. The stock has a market cap of $88.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a one year low of $208.18 and a one year high of $297.33.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 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.