PCG Wealth Advisors LLC Lowers Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

PCG Wealth Advisors LLC lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,565 shares of the company’s stock after selling 5,454 shares during the period. Invesco NASDAQ 100 ETF makes up about 1.6% of PCG Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. PCG Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQM. Financial Management Professionals Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. Massmutual Trust Co. FSB ADV acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Kieckhefer Group LLC acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Finally, Mendota Financial Group LLC acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $40,000.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

Shares of NASDAQ:QQQM opened at $218.05 on Friday. The company has a market cap of $42.31 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $221.92. The company has a 50-day moving average price of $213.18 and a 200 day moving average price of $203.05.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.