Flow Traders U.S. LLC Sells 33,519 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Flow Traders U.S. LLC reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 81.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,658 shares of the company’s stock after selling 33,519 shares during the period. Flow Traders U.S. LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,538,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QQQM. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $27,000. Massmutual Trust Co. FSB ADV bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at $29,000. Triad Wealth Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $30,000. GAMMA Investing LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $36,000. Finally, Rothschild Investment LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $36,000.

Invesco NASDAQ 100 ETF Trading Up 0.9 %

Shares of NASDAQ:QQQM opened at $209.80 on Monday. The company has a 50-day moving average price of $204.19 and a 200 day moving average price of $197.29. Invesco NASDAQ 100 ETF has a 12 month low of $157.44 and a 12 month high of $212.19. The company has a market cap of $35.75 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 announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, September 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.