Foresight Capital Management Advisors Inc. Trims Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Foresight Capital Management Advisors Inc. cut its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,453 shares of the company’s stock after selling 72 shares during the period. Foresight Capital Management Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. M&R Capital Management Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter valued at $28,000. Creekmur Asset Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $32,000. Larson Financial Group LLC grew its stake in Invesco NASDAQ 100 ETF by 120.5% during 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 position in Invesco NASDAQ 100 ETF during the second quarter valued at $36,000. Finally, Mather Group LLC. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $39,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock traded up $5.43 during trading on Thursday, hitting $184.37. 2,817,756 shares of the company’s stock traded hands, compared to its average volume of 1,820,477. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The business has a fifty day simple moving average of $195.02 and a 200 day simple moving average of $185.18. The stock has a market capitalization of $28.67 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.3199 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 annualized dividend and a yield of 0.69%.

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.