Moors & Cabot Inc. Reduces Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Moors & Cabot Inc. trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 53.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,752 shares of the company’s stock after selling 2,027 shares during the quarter. Moors & Cabot Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $208.18 on Friday. The stock has a market capitalization of $35.48 billion, a PE ratio of 34.39 and a beta of 1.18. The stock’s 50 day moving average price is $202.94 and its 200-day moving average price is $196.18. Invesco NASDAQ 100 ETF has a 52-week low of $157.44 and a 52-week high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Monday, September 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.