Crestwood Advisors Group LLC Trims Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Crestwood Advisors Group LLC lowered its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,616 shares of the company’s stock after selling 162 shares during the period. Crestwood Advisors Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 793.0% in the fourth quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock valued at $16,021,000 after purchasing an additional 67,604 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after purchasing an additional 74 shares during the last quarter. Assetmark Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 60.8% in the third quarter. Assetmark Inc. now owns 751 shares of the company’s stock valued at $151,000 after purchasing an additional 284 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 26.4% in the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after purchasing an additional 9,469 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 9,318.8% in the third quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after purchasing an additional 1,491 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $211.37 on Wednesday. The company has a market capitalization of $41.97 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64. The stock has a 50-day moving average price of $215.33 and a 200 day moving average price of $206.68.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.