Cabot Wealth Management Inc. Has $3.14 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cabot Wealth Management Inc. lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,910 shares of the company’s stock after selling 363 shares during the period. Cabot Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,138,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $31,000. Kieckhefer Group LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $32,000. Abich Financial Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $43,000. Finally, Blue Trust Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $49,000.

Invesco NASDAQ 100 ETF Trading Down 2.1 %

Shares of QQQM opened at $216.61 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $169.96 and a 12 month high of $222.64. The firm’s 50 day moving average is $215.48 and its 200-day moving average is $206.10. The stock has a market capitalization of $43.01 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.