Dechtman Wealth Management LLC Decreases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Dechtman Wealth Management LLC decreased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,622 shares of the company’s stock after selling 58,710 shares during the period. Invesco NASDAQ 100 ETF makes up about 2.8% of Dechtman Wealth Management LLC’s holdings, making the stock its 9th largest holding. Dechtman Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQM. Financial Management Professionals Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Kieckhefer Group LLC bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $32,000. Blue Trust Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after acquiring an additional 180 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $203.13 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 30.79 and a beta of 1.18. The firm has a 50 day moving average price of $210.30 and a 200-day moving average price of $207.87.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a $0.3176 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.