Integrated Advisors Network LLC Reduces Position in Invesco NASDAQ 100 ETF $QQQM

Integrated Advisors Network LLC decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 55.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,356 shares of the company’s stock after selling 4,243 shares during the period. Integrated Advisors Network LLC’s holdings in Invesco NASDAQ 100 ETF were worth $798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares during the last quarter. Archer Investment Corp increased its position in Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares in the last quarter. Jacobi Capital Management LLC raised its stake in Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after purchasing an additional 44 shares during the last quarter. Blue Trust Inc. raised its stake in Invesco NASDAQ 100 ETF by 7.3% in the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock valued at $162,000 after purchasing an additional 46 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. raised its stake in Invesco NASDAQ 100 ETF by 4.6% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after purchasing an additional 47 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.7%

NASDAQ:QQQM opened at $297.78 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $227.00 and a 12-month high of $308.21. The firm has a market cap of $99.63 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The company’s 50-day moving average is $295.20 and its two-hundred day moving average is $267.41.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.