Dynamic Advisor Solutions LLC Lowers Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Dynamic Advisor Solutions LLC reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,657 shares of the company’s stock after selling 2,976 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,312,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQM. M&R Capital Management Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Larson Financial Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 120.5% in the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 106 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $36,000. Finally, Mather Group LLC. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $39,000.

Invesco NASDAQ 100 ETF Trading Up 1.4 %

Shares of NASDAQ:QQQM traded up $2.53 during midday trading on Tuesday, hitting $188.34. The stock had a trading volume of 382,750 shares, compared to its average volume of 1,810,058. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The stock has a 50 day moving average price of $194.96 and a two-hundred day moving average price of $185.47. The company has a market capitalization of $29.29 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.3199 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, June 24th.

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.