Goldstein Advisors LLC Trims Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Goldstein Advisors LLC lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,609 shares of the company’s stock after selling 170 shares during the period. Goldstein Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,528,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after buying an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after buying an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in shares of Invesco NASDAQ 100 ETF by 260.2% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after buying an additional 1,712,000 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Invesco NASDAQ 100 ETF by 536.4% in the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after buying an additional 879,707 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $87,237,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $203.85 on Friday. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The company has a 50 day moving average price of $197.76 and a 200 day moving average price of $192.13. The firm has a market capitalization of $34.88 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.59%. The ex-dividend date was Monday, September 23rd.

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.