BCS Wealth Management Has $2.99 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

BCS Wealth Management trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 47.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,574 shares of the company’s stock after selling 11,443 shares during the quarter. BCS Wealth Management’s holdings in Invesco NASDAQ 100 ETF were worth $2,988,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQM. Total Clarity Wealth Management Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 0.3% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 25,187 shares of the company’s stock valued at $5,985,000 after buying an additional 68 shares during the last quarter. Signal Advisors Wealth LLC grew its position in shares of Invesco NASDAQ 100 ETF by 20.2% in the 1st quarter. Signal Advisors Wealth LLC now owns 32,347 shares of the company’s stock valued at $7,686,000 after acquiring an additional 5,447 shares during the period. Aspire Growth Partners LLC grew its position in shares of Invesco NASDAQ 100 ETF by 10.6% in the 1st quarter. Aspire Growth Partners LLC now owns 29,823 shares of the company’s stock valued at $7,087,000 after acquiring an additional 2,870 shares during the period. Robbins Farley increased its stake in shares of Invesco NASDAQ 100 ETF by 40.1% during the 1st quarter. Robbins Farley now owns 220 shares of the company’s stock worth $52,000 after purchasing an additional 63 shares during the last quarter. Finally, Webster Bank N. A. raised its holdings in shares of Invesco NASDAQ 100 ETF by 98.9% in the 1st quarter. Webster Bank N. A. now owns 535 shares of the company’s stock valued at $127,000 after purchasing an additional 266 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 3.3%

NASDAQ:QQQM opened at $293.87 on Wednesday. The stock’s 50 day moving average price is $288.18 and its two-hundred day moving average price is $263.94. The firm has a market capitalization of $88.21 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12-month low of $220.74 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, June 22nd.

About Invesco NASDAQ 100 ETF

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.