Asset Allocation Strategies LLC Has $22.69 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Asset Allocation Strategies LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,493 shares of the company’s stock after selling 3,476 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 4.0% of Asset Allocation Strategies LLC’s investment portfolio, making the stock its 3rd biggest holding. Asset Allocation Strategies LLC’s holdings in Invesco NASDAQ 100 ETF were worth $22,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQM. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $25,000. Imprint Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Osbon Capital Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $41,000. Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $46,000. Finally, Monetary Solutions Ltd bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $50,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $290.95 on Monday. The business has a fifty day simple moving average of $290.23 and a 200-day simple moving average of $264.69. Invesco NASDAQ 100 ETF has a fifty-two week low of $224.15 and a fifty-two week high of $308.21. The firm has a market cap of $87.34 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a 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.