Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Dechtman Wealth Management LLC’s 6th Largest Position

Dechtman Wealth Management LLC reduced its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,332 shares of the company’s stock after selling 3,742 shares during the quarter. Invesco NASDAQ 100 ETF makes up 5.2% of Dechtman Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. Dechtman Wealth Management LLC owned approximately 0.07% of Invesco NASDAQ 100 ETF worth $25,374,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after buying an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after purchasing an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives lifted its stake in shares of Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after purchasing an additional 1,712,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares during the period. Finally, Meitav Investment House Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF by 25.7% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock worth $319,132,000 after purchasing an additional 324,887 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM traded up $4.05 during mid-day trading on Wednesday, hitting $206.63. The company’s stock had a trading volume of 1,207,473 shares, compared to its average volume of 1,823,016. The firm has a market capitalization of $35.21 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $151.85 and a 52-week high of $207.30. The stock’s fifty day simple moving average is $198.51 and its two-hundred day simple moving average is $193.47.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company 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.