Pitti Group Wealth Management LLC Sells 4,878 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Pitti Group Wealth Management LLC cut its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 72.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,824 shares of the company’s stock after selling 4,878 shares during the period. Pitti Group Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $307,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Consolidated Planning Corp bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at $2,914,000. Truist Financial Corp boosted its holdings in shares of Invesco NASDAQ 100 ETF by 20.5% in the 4th quarter. Truist Financial Corp now owns 127,231 shares of the company’s stock worth $21,444,000 after buying an additional 21,617 shares during the last quarter. Bank of New Hampshire boosted its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Bank of New Hampshire now owns 11,608 shares of the company’s stock worth $1,956,000 after buying an additional 380 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 29.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 76,039 shares of the company’s stock worth $12,815,000 after buying an additional 17,438 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 9.7% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 2,805 shares of the company’s stock worth $473,000 after buying an additional 247 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.5 %

Shares of NASDAQ:QQQM traded up $2.70 during midday 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. The company’s 50 day moving average price is $179.80 and its 200 day moving average price is $168.89. The stock 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 has a 52-week low of $129.60 and a 52-week high of $184.88.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued 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.

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.