Fifth Third Bancorp Has $81,000 Stake in Invesco NASDAQ 100 ETF $QQQM

Fifth Third Bancorp decreased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 27.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358 shares of the company’s stock after selling 137 shares during the quarter. Fifth Third Bancorp’s holdings in Invesco NASDAQ 100 ETF were worth $81,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 91.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after purchasing an additional 1,270 shares during the last quarter. Mather Group LLC. grew its position in shares of Invesco NASDAQ 100 ETF by 80.6% in the first quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Savvy Advisors Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 18.0% in the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after purchasing an additional 398 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $203,000. Finally, GAMMA Investing LLC grew its position in Invesco NASDAQ 100 ETF by 517.9% during the second quarter. GAMMA Investing LLC now owns 1,137 shares of the company’s stock worth $258,000 after buying an additional 953 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $248.33 on Thursday. The business has a fifty day moving average price of $238.07 and a two-hundred day moving average price of $218.22. The stock has a market capitalization of $59.54 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $248.55.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.