Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Marmo Financial Group LLC

Posted by Donna Armstrong on Oct 28th, 2024

Marmo Financial Group LLC reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 48.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 80,347 shares of the company’s stock after selling 75,462 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 8.6% of Marmo Financial Group LLC’s holdings, making the stock its 6th largest position. Marmo Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,138,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $27,000. Massmutual Trust Co. FSB ADV acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $29,000. Triad Wealth Partners LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $30,000. GAMMA Investing LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $36,000. Finally, Rothschild Investment LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000.

Invesco NASDAQ 100 ETF Trading Up 0.6 %

QQQM stock opened at $203.85 on Monday. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The company has a market capitalization of $34.93 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm’s 50-day moving average is $197.76 and its two-hundred day moving average is $192.13.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.