EverSource Wealth Advisors LLC Trims Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Defense World Staff on Sep 27th, 2024

EverSource Wealth Advisors LLC lowered its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 814 shares of the company’s stock after selling 161 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $158,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth about $27,000. M&R Capital Management Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $28,000. Triad Wealth Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $30,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $32,000. Finally, GAMMA Investing LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $36,000.

Invesco NASDAQ 100 ETF Stock Up 0.7 %

Shares of QQQM stock opened at $201.44 on Friday. The stock has a market cap of $31.32 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business’s fifty day moving average is $192.48 and its 200 day moving average is $189.06. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 23rd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.60%.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.