Frank Rimerman Advisors LLC Sells 119,101 Shares of Invesco NASDAQ 100 ETF $QQQM

Frank Rimerman Advisors LLC lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,314 shares of the company’s stock after selling 119,101 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 2.2% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 9th biggest position. Frank Rimerman Advisors LLC owned approximately 0.05% of Invesco NASDAQ 100 ETF worth $35,235,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bison Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC increased its stake in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after buying an additional 819 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Stock Up 3.4%

NASDAQ QQQM opened at $237.62 on Wednesday. The firm has a market cap of $68.16 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The business’s 50-day moving average price is $248.77 and its 200 day moving average price is $250.96.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.6%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.