D Orazio & Associates Inc. Lowers Holdings in Invesco NASDAQ 100 ETF $QQQM

D Orazio & Associates Inc. lessened its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,282 shares of the company’s stock after selling 8,878 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 4.6% of D Orazio & Associates Inc.’s investment portfolio, making the stock its 6th biggest holding. D Orazio & Associates Inc. owned 0.05% of Invesco NASDAQ 100 ETF worth $35,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in QQQM. Clear Creek Financial Management LLC lifted its position in Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Clear Creek Financial Management LLC now owns 10,671 shares of the company’s stock valued at $2,637,000 after purchasing an additional 77 shares during the period. Collaborative Wealth Managment Inc. grew its position in Invesco NASDAQ 100 ETF by 2.9% in the 3rd quarter. Collaborative Wealth Managment Inc. now owns 34,866 shares of the company’s stock worth $8,616,000 after purchasing an additional 989 shares during the period. Synovus Financial Corp purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $346,000. NewEdge Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $213,000. Finally, Fiscal Wisdom Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $1,651,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $248.51 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The company has a market cap of $71.28 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s fifty day moving average price is $253.82 and its 200-day moving average price is $248.91.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.