Arrowroot Family Office LLC Sells 509 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arrowroot Family Office LLC reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,858 shares of the company’s stock after selling 509 shares during the period. Arrowroot Family Office LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,377,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ridgecrest Wealth Partners LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% in the third quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after acquiring an additional 60 shares in the last quarter. Cutter & CO Brokerage Inc. grew its position in Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock valued at $624,000 after buying an additional 64 shares during the period. Marble Harbor Investment Counsel LLC grew its position in Invesco NASDAQ 100 ETF by 1.2% during the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after buying an additional 66 shares during the period. Northstar Group Inc. increased its holdings in Invesco NASDAQ 100 ETF by 5.4% during the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock worth $271,000 after buying an additional 69 shares during the last quarter. Finally, Zhang Financial LLC raised its position in Invesco NASDAQ 100 ETF by 2.8% in the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after acquiring an additional 70 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.9 %

Invesco NASDAQ 100 ETF stock opened at $209.80 on Monday. The firm has a 50 day moving average price of $204.19 and a 200-day moving average price of $197.29. Invesco NASDAQ 100 ETF has a twelve month low of $157.44 and a twelve month high of $212.19. The company has a market capitalization of $35.75 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%.

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.