BlackDiamond Wealth Management LLC Sells 1,835 Shares of Invesco NASDAQ 100 ETF $QQQM

BlackDiamond Wealth Management LLC cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,449 shares of the company’s stock after selling 1,835 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $619,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Invesco NASDAQ 100 ETF by 3.2% during the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after acquiring an additional 350,190 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake 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 acquiring an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $926,749,000 after acquiring an additional 65,487 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 valued at $783,561,000 after acquiring an additional 3,005,140 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives increased its stake in Invesco NASDAQ 100 ETF by 5.1% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after acquiring an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.2%

Shares of QQQM opened at $306.61 on Thursday. Invesco NASDAQ 100 ETF has a 12-month low of $215.26 and a 12-month high of $308.21. The firm has a market capitalization of $92.04 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The stock’s 50-day moving average price is $272.30 and its 200 day moving average price is $259.24.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid 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 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 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.