Meridian Financial LLC Sells 169 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Meridian Financial LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,928 shares of the company’s stock after selling 169 shares during the period. Invesco NASDAQ 100 ETF comprises 1.9% of Meridian Financial LLC’s holdings, making the stock its 15th largest position. Meridian Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,721,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QQQM. Edgestream Partners L.P. bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $295,000. Mercer Global Advisors Inc. ADV lifted its stake in Invesco NASDAQ 100 ETF by 1.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,422 shares of the company’s stock valued at $1,463,000 after acquiring an additional 76 shares during the last quarter. Blair William & Co. IL lifted its stake in Invesco NASDAQ 100 ETF by 83.3% in the second quarter. Blair William & Co. IL now owns 6,567 shares of the company’s stock valued at $1,294,000 after acquiring an additional 2,984 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 20.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,413 shares of the company’s stock valued at $279,000 after acquiring an additional 242 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.3% during the 2nd quarter. AE Wealth Management LLC now owns 11,519 shares of the company’s stock worth $2,270,000 after purchasing an additional 364 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $214.78 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $168.46 and a 52-week high of $221.92. The company has a market capitalization of $39.76 billion, a P/E ratio of 34.39 and a beta of 1.18. The company has a 50-day simple moving average of $212.38 and a 200 day simple moving average of $202.55.

Invesco NASDAQ 100 ETF Announces Dividend

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