Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stock Position Reduced by Swisher Financial Concepts Inc.

Swisher Financial Concepts Inc. lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,589 shares of the company’s stock after selling 14,088 shares during the period. Invesco NASDAQ 100 ETF comprises about 4.1% of Swisher Financial Concepts Inc.’s investment portfolio, making the stock its 8th biggest holding. Swisher Financial Concepts Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $31,000. Kieckhefer Group LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth $32,000. Nemes Rush Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Finally, Tucker Asset Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 122.0% in the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 111 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.1 %

Shares of NASDAQ:QQQM opened at $174.51 on Tuesday. The company has a market cap of $35.63 billion, a price-to-earnings ratio of 30.31 and a beta of 1.18. The business has a 50 day moving average price of $205.72 and a 200 day moving average price of $207.64. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.3176 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.