Wealth Enhancement Advisory Services LLC Sells 505,103 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Wealth Enhancement Advisory Services LLC lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,125,021 shares of the company’s stock after selling 505,103 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.54% of Invesco NASDAQ 100 ETF worth $217,151,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in QQQM. Marshall Financial Group LLC raised its position in Invesco NASDAQ 100 ETF by 19.0% in the 1st quarter. Marshall Financial Group LLC now owns 6,314 shares of the company’s stock valued at $1,219,000 after buying an additional 1,009 shares during the last quarter. Sanchez Wealth Management Group grew its stake in shares of Invesco NASDAQ 100 ETF by 11.9% in the 1st quarter. Sanchez Wealth Management Group now owns 2,466 shares of the company’s stock worth $476,000 after acquiring an additional 263 shares in the last quarter. Bensler LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.6% in the first quarter. Bensler LLC now owns 18,962 shares of the company’s stock valued at $3,660,000 after purchasing an additional 1,175 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 8.1% in the first quarter. NorthCrest Asset Manangement LLC now owns 1,517 shares of the company’s stock valued at $293,000 after purchasing an additional 114 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Invesco NASDAQ 100 ETF during the first quarter valued at about $25,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $217.80 on Thursday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $222.64. The firm’s 50-day simple moving average is $204.82 and its 200 day simple moving average is $207.20. The stock has a market cap of $46.46 billion, a PE ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.