Invesco NASDAQ 100 ETF $QQQM Shares Sold by First Command Advisory Services Inc.

First Command Advisory Services Inc. lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,776,771 shares of the company’s stock after selling 40,680 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 8.6% of First Command Advisory Services Inc.’s portfolio, making the stock its 3rd biggest holding. First Command Advisory Services Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,180,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Jackson Hole Capital Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $26,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $28,000. Pflug Koory LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $32,000. Finally, PrairieView Partners LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 400.0% in the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.4%

Shares of NASDAQ:QQQM opened at $257.54 on Tuesday. The firm has a market cap of $72.78 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The business has a fifty day simple moving average of $254.00 and a 200 day simple moving average of $246.51.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF 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.