Kingswood Wealth Advisors LLC Cuts Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kingswood Wealth Advisors LLC lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,408 shares of the company’s stock after selling 113 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Invesco NASDAQ 100 ETF by 10.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,507 shares of the company’s stock worth $370,000 after purchasing an additional 237 shares during the period. Stifel Financial Corp boosted its position in shares of Invesco NASDAQ 100 ETF by 39.9% in the third quarter. Stifel Financial Corp now owns 65,617 shares of the company’s stock worth $9,673,000 after buying an additional 18,726 shares during the period. Mutual Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $323,000. Verde Capital Management raised its holdings in shares of Invesco NASDAQ 100 ETF by 3.5% during the 3rd quarter. Verde Capital Management now owns 169,622 shares of the company’s stock valued at $25,004,000 after buying an additional 5,749 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in Invesco NASDAQ 100 ETF by 2.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 33,858 shares of the company’s stock worth $4,991,000 after acquiring an additional 884 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.2 %

NASDAQ:QQQM traded up $0.43 during trading hours on Wednesday, hitting $197.70. The stock had a trading volume of 813,995 shares, compared to its average volume of 1,731,090. The company has a market cap of $25.64 billion, a PE ratio of 34.39 and a beta of 1.18. The business has a 50 day simple moving average of $186.17 and a two-hundred day simple moving average of $179.18. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $200.32.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be paid a dividend of $0.3199 per share. This represents a $1.28 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, June 24th.

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.