Park Avenue Securities LLC Sells 8,950 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Park Avenue Securities LLC lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 82.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,842 shares of the company’s stock after selling 8,950 shares during the quarter. Park Avenue Securities LLC’s holdings in Invesco NASDAQ 100 ETF were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Flagship Private Wealth LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 10.5% in the 1st quarter. Flagship Private Wealth LLC now owns 7,003 shares of the company’s stock worth $1,352,000 after purchasing an additional 664 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at about $281,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Invesco NASDAQ 100 ETF by 613.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 12,661 shares of the company’s stock valued at $2,444,000 after acquiring an additional 10,887 shares during the period. LexAurum Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 5.5% during the 1st quarter. LexAurum Advisors LLC now owns 8,403 shares of the company’s stock valued at $1,622,000 after acquiring an additional 439 shares during the period. Finally, Strategent Financial LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at about $6,368,000.

Invesco NASDAQ 100 ETF Trading Down 1.3%

QQQM stock opened at $216.94 on Monday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $222.64. The stock has a market cap of $46.28 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18. The business’s 50-day moving average is $202.80 and its 200 day moving average is $206.98.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.3176 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco NASDAQ 100 ETF

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.