Marmo Financial Group LLC Trims Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Marmo Financial Group LLC reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,983 shares of the company’s stock after selling 2,364 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 8.9% of Marmo Financial Group LLC’s investment portfolio, making the stock its 6th biggest holding. Marmo Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Calton & Associates Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock valued at $490,000 after buying an additional 46 shares during the period. Fulcrum Equity Management boosted its stake in Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after acquiring an additional 56 shares during the period. Ridgecrest Wealth Partners LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% during the third quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after purchasing an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $431,000 after purchasing an additional 68 shares during the last quarter. Finally, Northstar Group Inc. boosted its position in Invesco NASDAQ 100 ETF by 5.4% during the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $214.99 on Friday. The firm has a market capitalization of $42.03 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $221.92. The business’s fifty day moving average price is $213.75 and its two-hundred day moving average price is $203.31.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

Invesco NASDAQ 100 ETF 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.