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

B&D White Capital Company LLC cut its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 35.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,498 shares of the company’s stock after selling 36,109 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 2.0% of B&D White Capital Company LLC’s holdings, making the stock its 14th biggest holding. B&D White Capital Company LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bison Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $393,000. Capstone Wealth Management Group LLC increased its stake in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares during the period. Empowered Funds LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $290.42 on Thursday. The firm has a market capitalization of $98.04 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a one year low of $227.00 and a one year high of $308.21. The company’s 50 day moving average price is $296.35 and its 200 day moving average price is $269.74.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. 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 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.