Diversified Enterprises LLC Trims Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Diversified Enterprises LLC cut its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,253 shares of the company’s stock after selling 639 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.8% of Diversified Enterprises LLC’s investment portfolio, making the stock its 10th largest holding. Diversified Enterprises LLC’s holdings in Invesco NASDAQ 100 ETF were worth $18,573,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in QQQM. Clearstead Trust LLC increased its position in Invesco NASDAQ 100 ETF by 7.6% in the fourth quarter. Clearstead Trust LLC now owns 2,486 shares of the company’s stock worth $523,000 after buying an additional 175 shares during the period. Analyst IMS Investment Management Services Ltd. increased its position in Invesco NASDAQ 100 ETF by 656.4% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 36,458 shares of the company’s stock worth $7,673,000 after buying an additional 31,638 shares during the period. Gerber LLC increased its position in Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Gerber LLC now owns 15,872 shares of the company’s stock worth $3,340,000 after buying an additional 517 shares during the period. Commonwealth Equity Services LLC increased its position in Invesco NASDAQ 100 ETF by 10.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 634,659 shares of the company’s stock worth $133,564,000 after buying an additional 57,592 shares during the period. Finally, Madison Wealth Partners Inc increased its position in Invesco NASDAQ 100 ETF by 6.5% in the fourth quarter. Madison Wealth Partners Inc now owns 9,488 shares of the company’s stock worth $1,997,000 after buying an additional 577 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $197.48 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $222.64. The business’s fifty day moving average price is $211.99 and its two-hundred day moving average price is $207.33. The firm has a market capitalization of $39.21 billion, a PE ratio of 33.44 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

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.