SRS Capital Advisors Inc. Decreases Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SRS Capital Advisors Inc. lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 93.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,043 shares of the company’s stock after selling 158,627 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $30,000. Larson Financial Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 120.5% in the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 106 shares during the period. CVA Family Office LLC purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $34,000. Addison Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at $36,000. Finally, FinTrust Capital Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $42,000.

Invesco NASDAQ 100 ETF Stock Up 1.1 %

QQQM traded up $1.95 during trading hours on Thursday, hitting $175.40. The stock had a trading volume of 870,039 shares, compared to its average volume of 1,825,958. Invesco NASDAQ 100 ETF has a 1 year low of $129.60 and a 1 year high of $184.88. The company’s fifty day simple moving average is $179.75 and its 200 day simple moving average is $169.39. The stock has a market cap of $22.75 billion, a PE ratio of 34.39 and a beta of 1.30.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 annualized dividend and a dividend yield of 0.79%.

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.