Tidemark LLC Sells 931 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Tidemark LLC lessened its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 29.0% during the third quarter, Holdings Channel reports. The fund owned 2,279 shares of the company’s stock after selling 931 shares during the period. Tidemark LLC’s holdings in Invesco NASDAQ 100 ETF were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QQQM. Bleakley Financial Group LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at $218,000. Blair William & Co. IL increased its stake in Invesco NASDAQ 100 ETF by 2,885.8% in the first quarter. Blair William & Co. IL now owns 3,583 shares of the company’s stock valued at $655,000 after acquiring an additional 3,463 shares during the last quarter. TIAA Trust National Association bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at $212,000. Burns Matteson Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at about $275,000. Finally, Payden & Rygel Investment Group purchased a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at about $5,444,000.

Invesco NASDAQ 100 ETF Stock Down 2.4 %

NASDAQ QQQM opened at $204.35 on Monday. The company has a 50-day simple moving average of $201.39 and a two-hundred day simple moving average of $195.42. Invesco NASDAQ 100 ETF has a 12-month low of $157.44 and a 12-month high of $212.19. The firm has a market cap of $34.82 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm 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 annualized dividend and a yield of 0.59%.

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.