Castle Wealth Management LLC Has $3.63 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Castle Wealth Management LLC decreased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,095 shares of the company’s stock after selling 402 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.5% of Castle Wealth Management LLC’s portfolio, making the stock its 25th largest position. Castle Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $39,000. Quantbot Technologies LP acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $265,000. Sequoia Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $204,000. Portside Wealth Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $351,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $209.81 on Thursday. The firm has a market cap of $35.75 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $152.05 and a twelve month high of $209.83. The firm’s 50 day moving average price is $198.79 and its two-hundred day moving average price is $193.57.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.57%.

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.