Rational Advisors LLC Sells 14,236 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rational Advisors LLC reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,000 shares of the company’s stock after selling 14,236 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 5.7% of Rational Advisors LLC’s holdings, making the stock its 4th largest position. Rational Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $58,849,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in QQQM. Retirement Financial Solutions LLC boosted its stake in Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Retirement Financial Solutions LLC now owns 98,941 shares of the company’s stock valued at $19,872,000 after buying an additional 703 shares in the last quarter. TrueWealth Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 10.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 5,915 shares of the company’s stock valued at $1,188,000 after buying an additional 554 shares during the period. Latko Wealth Management Ltd. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $23,278,000. Janney Montgomery Scott LLC increased its position in Invesco NASDAQ 100 ETF by 370.1% during the third quarter. Janney Montgomery Scott LLC now owns 156,264 shares of the company’s stock worth $31,386,000 after buying an additional 123,023 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 40.5% in the third quarter. Carmichael Hill & Associates Inc. now owns 11,662 shares of the company’s stock valued at $2,342,000 after purchasing an additional 3,359 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $200.02 on Tuesday. Invesco NASDAQ 100 ETF has a twelve month low of $150.95 and a twelve month high of $207.24. The stock has a 50-day simple moving average of $198.38 and a 200 day simple moving average of $193.24. The stock has a market capitalization of $34.09 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.60%.

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.