Waverly Advisors LLC Decreases Holdings in Invesco NASDAQ 100 ETF $QQQM

Waverly Advisors LLC trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 31,348 shares of the company’s stock after selling 2,972 shares during the quarter. Waverly Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,449,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC grew its position in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares during the last quarter. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $280.86 on Tuesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21. The stock has a 50 day moving average price of $295.73 and a two-hundred day moving average price of $270.34. The company has a market capitalization of $95.81 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.