Barings LLC Trims Stock Position in Invesco NASDAQ 100 ETF $QQQM

Barings LLC decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 44.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,276 shares of the company’s stock after selling 30,737 shares during the quarter. Barings LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,692,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. San Luis Wealth Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $1,932,000. Savvy Advisors Inc. increased its stake in 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 period. Adapt Wealth Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.4% in the second quarter. Adapt Wealth Advisors LLC now owns 91,240 shares of the company’s stock valued at $20,721,000 after buying an additional 1,303 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $273,000. Finally, Atlas Legacy Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 0.4% during the second quarter. Atlas Legacy Advisors LLC now owns 81,745 shares of the company’s stock worth $18,564,000 after buying an additional 293 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.8%

Shares of QQQM stock opened at $242.92 on Friday. The stock’s 50-day moving average price is $249.95 and its 200 day moving average price is $234.29. The stock has a market capitalization of $63.62 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

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.