Nwam LLC Decreases Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Nwam LLC reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,029 shares of the company’s stock after selling 234 shares during the period. Nwam LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $31,000. Kieckhefer Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Blue Trust Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $49,000. Finally, Hobbs Group Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after purchasing an additional 180 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $206.05 on Friday. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64. The company’s 50-day simple moving average is $215.02 and its 200-day simple moving average is $206.89. The stock has a market capitalization of $40.92 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF Company Profile

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.