Parkside Advisors LLC Has $22.55 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Parkside Advisors LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,257 shares of the company’s stock after selling 267 shares during the period. Invesco NASDAQ 100 ETF comprises about 5.4% of Parkside Advisors LLC’s portfolio, making the stock its 7th largest position. Parkside Advisors LLC owned approximately 0.07% of Invesco NASDAQ 100 ETF worth $22,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Cutter & CO Brokerage Inc. raised its holdings in Invesco NASDAQ 100 ETF by 2.1% in the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after purchasing an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 1.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after acquiring an additional 66 shares in the last quarter. Madison Wealth Partners Inc lifted its position in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock valued at $824,000 after acquiring an additional 69 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Invesco NASDAQ 100 ETF by 4.1% during the first quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock valued at $341,000 after acquiring an additional 74 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Invesco NASDAQ 100 ETF by 1.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,422 shares of the company’s stock valued at $1,463,000 after acquiring an additional 76 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.5 %

Shares of QQQM stock opened at $201.38 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The business’s fifty day simple moving average is $193.41 and its 200-day simple moving average is $190.16. The company has a market cap of $33.97 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.60%. The ex-dividend date 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.