SFG Wealth Management LLC. Sells 4,698 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SFG Wealth Management LLC. reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 56.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,563 shares of the company’s stock after selling 4,698 shares during the period. SFG Wealth Management LLC.’s holdings in Invesco NASDAQ 100 ETF were worth $716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in Invesco NASDAQ 100 ETF by 1,650.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after acquiring an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after purchasing an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after purchasing an additional 1,712,000 shares during the period. Cetera Investment Advisers lifted its stake in Invesco NASDAQ 100 ETF by 536.4% in the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after purchasing an additional 879,707 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at about $87,237,000.

Invesco NASDAQ 100 ETF Trading Down 0.1 %

Shares of NASDAQ:QQQM traded down $0.14 on Friday, reaching $211.21. 304,180 shares of the company traded hands, compared to its average volume of 1,823,926. Invesco NASDAQ 100 ETF has a 52 week low of $152.05 and a 52 week high of $211.68. The business’s 50-day simple moving average is $199.14 and its 200 day simple moving average is $193.69. The stock has a market capitalization of $35.99 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.