Coppell Advisory Solutions LLC Trims Stock Position in Invesco NASDAQ 100 ETF $QQQM

Coppell Advisory Solutions LLC trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 92.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,182 shares of the company’s stock after selling 15,085 shares during the period. Coppell Advisory Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. B. Riley Wealth Advisors Inc. acquired a new position in Invesco NASDAQ 100 ETF during the second quarter worth approximately $647,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 92.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $101,000 after purchasing an additional 214 shares during the last quarter. Tyler Stone Wealth Management grew its stake in shares of Invesco NASDAQ 100 ETF by 27.9% during the 2nd quarter. Tyler Stone Wealth Management now owns 6,521 shares of the company’s stock valued at $1,481,000 after buying an additional 1,423 shares during the period. Tactive Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $1,379,000. Finally, N.E.W. Advisory Services LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 5.5% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 1,099 shares of the company’s stock worth $250,000 after buying an additional 57 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.5%

Shares of QQQM opened at $251.36 on Tuesday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The firm has a market capitalization of $65.83 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s fifty day simple moving average is $252.65 and its 200 day simple moving average is $239.45.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.