Pitti Group Wealth Management LLC Has $307,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Pitti Group Wealth Management LLC lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 72.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,824 shares of the company’s stock after selling 4,878 shares during the quarter. Pitti Group Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QQQM. Bank of New York Mellon Corp lifted its stake in Invesco NASDAQ 100 ETF by 18,603.9% in the third quarter. Bank of New York Mellon Corp now owns 888,621 shares of the company’s stock valued at $130,992,000 after buying an additional 883,870 shares in the last quarter. Money Design Co. Ltd. lifted its stake in Invesco NASDAQ 100 ETF by 126.0% in the fourth quarter. Money Design Co. Ltd. now owns 785,015 shares of the company’s stock valued at $132,306,000 after buying an additional 437,683 shares in the last quarter. LPL Financial LLC lifted its stake in Invesco NASDAQ 100 ETF by 12.4% in the third quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after buying an additional 428,164 shares in the last quarter. International Assets Investment Management LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $65,475,000. Finally, Mainstay Capital Management LLC ADV lifted its stake in Invesco NASDAQ 100 ETF by 53.0% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock valued at $176,150,000 after buying an additional 362,075 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded up $2.70 during trading on Friday, reaching $177.35. The company had a trading volume of 1,044,108 shares, compared to its average volume of 1,852,672. Invesco NASDAQ 100 ETF has a 12 month low of $129.60 and a 12 month high of $184.88. The business’s fifty day moving average price is $179.80 and its 200 day moving average price is $168.89. The company has a market cap of $22.87 billion, a P/E ratio of 35.17 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a $0.3454 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco NASDAQ 100 ETF 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.