Kingswood Wealth Advisors LLC Sells 113 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kingswood Wealth Advisors LLC decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. M&R Capital Management Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at $28,000. Creekmur Asset Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $32,000. Larson Financial Group LLC increased 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 worth $33,000 after acquiring an additional 106 shares during the last quarter. CVA Family Office LLC purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $34,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $40,000.

Invesco NASDAQ 100 ETF Trading Up 0.2 %

Shares of NASDAQ QQQM traded up $0.43 during trading hours on Wednesday, hitting $197.70. 813,995 shares of the company traded hands, compared to its average volume of 1,731,090. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $200.32. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The company’s 50 day moving average price is $186.17 and its 200 day moving average price is $179.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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