Dynamic Advisor Solutions LLC Decreases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Dynamic Advisor Solutions LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,657 shares of the company’s stock after selling 2,976 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QQQM. International Assets Investment Management LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $388,000. Tennessee Valley Asset Management Partners grew its holdings in Invesco NASDAQ 100 ETF by 40.3% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 6,116 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,756 shares during the period. Consolidated Portfolio Review Corp bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $266,000. Carnegie Capital Asset Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 7.2% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 20,808 shares of the company’s stock valued at $3,507,000 after purchasing an additional 1,389 shares during the period. Finally, Marmo Financial Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $16,563,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock traded up $2.53 during trading hours on Tuesday, reaching $188.34. The company had a trading volume of 382,750 shares, compared to its average volume of 1,810,058. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The business has a fifty day simple moving average of $194.96 and a 200 day simple moving average of $185.47. The firm has a market cap of $29.29 billion, a PE 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, June 28th. Stockholders of record on Monday, June 24th were issued a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, June 24th.

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.