Sightline Wealth Advisors LLC Has $1.57 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sightline Wealth Advisors LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,795 shares of the company’s stock after purchasing an additional 510 shares during the period. Invesco NASDAQ 100 ETF makes up about 0.9% of Sightline Wealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Sightline Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,566,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QQQM. Cutter & CO Brokerage Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% in the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock valued at $624,000 after purchasing an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its holdings 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 purchasing an additional 66 shares during the period. Northstar Group Inc. increased its stake in Invesco NASDAQ 100 ETF by 5.4% in the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares in the last quarter. Zhang Financial LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 2.8% during the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after purchasing an additional 70 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.1% in the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock valued at $341,000 after buying an additional 74 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock traded down $0.32 during trading hours on Monday, hitting $203.20. The company’s stock had a trading volume of 720,911 shares, compared to its average volume of 1,831,531. The stock has a 50 day moving average of $196.60 and a 200 day moving average of $191.43. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The company has a market capitalization of $34.65 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.59%.

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.