Merit Financial Group LLC Reduces Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

On January 20, 2025, Merit Financial Group LLC announced a reduction in its holdings of Invesco NASDAQ 100 ETF (NASDAQ:QQQM). The company has decreased its position by 22.1% during the fourth quarter of the previous year. After selling 4,641 shares, Merit Financial Group now holds a total of 16,365 shares in the ETF, valued at approximately $3,444,000 as of the end of the last quarter.

In addition to Merit Financial Group's actions, other institutional investors have also been adjusting their positions in the Invesco NASDAQ 100 ETF. For instance, Fulcrum Equity Management increased its stake by 3.3% during the third quarter, acquiring an additional 56 shares, which brings their total ownership to 1,737 shares worth $349,000.

Ridgecrest Wealth Partners LLC also reported a 4.4% increase in its holdings during the same quarter, with an additional 60 shares purchased, resulting in a total of 1,434 shares valued at $288,000. Similarly, Sugarloaf Wealth Management LLC raised its ownership by 3.4% during the fourth quarter, now holding 2,046 shares valued at $431,000 after acquiring 68 additional shares.

Moreover, Northstar Group Inc. boosted its position by 5.4% in the third quarter, now owning 1,347 shares valued at $271,000 after purchasing 69 shares. Zhang Financial LLC also grew its stake by 2.8% during this period, owning 2,574 shares worth $517,000 after adding 70 shares to their portfolio.

Recent Performance of Invesco NASDAQ 100 ETF

On the trading floor, Invesco NASDAQ 100 ETF opened at $214.78 on January 20, 2025. The ETF has shown strong performance with a fifty-day moving average price of $212.38 and a two-hundred-day moving average price of $202.55. The fund's market capitalization stands at $39.76 billion, featuring a PE ratio of 34.39 and a beta of 1.18. Over the past year, the ETF recorded a low of $168.46 and a high of $221.92.

Dividend Announcements

The Invesco NASDAQ 100 ETF recently declared a dividend, which was disbursed on December 27, 2024. Shareholders on record as of December 23, 2024, received a dividend payment of $0.3103 per share, with the ex-dividend date also marked as December 23, 2024.

Overview of Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund aiming to track the NASDAQ-100 index. It is passively managed and excludes financial stocks while focusing on a modified market-cap weighted narrow index of 100 NASDAQ-listed companies. The ETF was launched on October 13, 2020, and is managed by Invesco.

Merit, Invesco, ETF