Resurgent Financial Advisors LLC Cuts Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Resurgent Financial Advisors LLC cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 43.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,490 shares of the company’s stock after selling 1,926 shares during the quarter. Resurgent Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQM. Comerica Bank grew its holdings in shares of Invesco NASDAQ 100 ETF by 73.4% in the first quarter. Comerica Bank now owns 4,636 shares of the company’s stock valued at $847,000 after purchasing an additional 1,962 shares in the last quarter. GAMMA Investing LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth $36,000. Mather Group LLC. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth $39,000. Park Avenue Securities LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth $550,000. Finally, CWM LLC boosted its stake in Invesco NASDAQ 100 ETF by 5.9% during the second quarter. CWM LLC now owns 11,446 shares of the company’s stock worth $2,256,000 after buying an additional 642 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.2 %

NASDAQ QQQM opened at $215.37 on Thursday. The company has a fifty day moving average of $205.02 and a two-hundred day moving average of $197.79. The firm has a market capitalization of $36.70 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $158.10 and a 52 week high of $215.47.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company 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.