Invst LLC Has $2.07 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Invst LLC lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,418 shares of the company’s stock after selling 601 shares during the period. Invst LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Envestnet Asset Management Inc. increased its position in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC lifted its stake 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 valued at $7,917,000 after purchasing an additional 3,978,954 shares during the period. Cetera Investment Advisers lifted its stake in shares of Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after purchasing an additional 879,707 shares during the period. Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $87,237,000. Finally, Cetera Advisor Networks LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 136.7% during the fourth quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock worth $125,966,000 after purchasing an additional 431,616 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.6 %

NASDAQ:QQQM opened at $200.32 on Monday. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $207.24. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business’s 50-day moving average price is $192.66 and its two-hundred day moving average price is $189.33.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.