B&D White Capital Company LLC Trims Holdings in Invesco NASDAQ 100 ETF $QQQM

B&D White Capital Company LLC reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,607 shares of the company’s stock after selling 14,333 shares during the period. Invesco NASDAQ 100 ETF comprises 3.0% of B&D White Capital Company LLC’s investment portfolio, making the stock its 10th largest holding. B&D White Capital Company LLC’s holdings in Invesco NASDAQ 100 ETF were worth $25,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of 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 worth $783,561,000 after purchasing an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1,615.9% during the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock worth $241,488,000 after purchasing an additional 899,154 shares during the last quarter. Bouchey Financial Group Ltd grew its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% during the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after purchasing an additional 587,107 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 22.4% during the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after purchasing an additional 422,032 shares during the last quarter. Finally, Asset Allocation Strategies LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 728.3% during the second quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock worth $98,814,000 after purchasing an additional 382,579 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.7%

NASDAQ:QQQM opened at $297.01 on Friday. The stock’s 50-day moving average is $280.33 and its 200-day moving average is $261.51. The stock has a market cap of $89.16 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.