Dakota Wealth Management Decreases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Dakota Wealth Management trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,049 shares of the company’s stock after selling 413 shares during the quarter. Dakota Wealth Management’s holdings in Invesco NASDAQ 100 ETF were worth $692,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QQQM. Union Bancaire Privee UBP SA purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $25,000. Westwind Capital purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $27,000. NorthRock Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth $28,000. Crews Bank & Trust grew its stake in shares of Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth $30,000.

Invesco NASDAQ 100 ETF Trading Up 0.4%

Shares of QQQM stock opened at $245.37 on Friday. The firm has a fifty day moving average price of $237.14 and a 200 day moving average price of $217.30. The company has a market cap of $58.83 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $248.17.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company 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.