Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stake Cut by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC reduced its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,762 shares of the company’s stock after selling 517 shares during the period. Commonwealth Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,686,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QQQM. Financial Management Professionals Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $32,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $40,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $213.31 on Tuesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $221.92. The business has a 50-day moving average of $213.88 and a 200-day moving average of $203.42. The company has a market capitalization of $42.31 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.