Envestnet Portfolio Solutions Inc. Has $2.30 Million Position in Invesco NASDAQ 100 ETF $QQQM

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 40.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,301 shares of the company’s stock after selling 6,381 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,298,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Invesco Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after acquiring an additional 1,715,025 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after purchasing an additional 152,512 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after purchasing an additional 1,630,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco NASDAQ 100 ETF by 14.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock worth $764,588,000 after purchasing an additional 433,686 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 18.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,887,027 shares of the company’s stock worth $428,543,000 after purchasing an additional 289,510 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.4%

NASDAQ:QQQM opened at $257.54 on Tuesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The firm has a fifty day simple moving average of $254.00 and a 200 day simple moving average of $246.51. The stock has a market capitalization of $72.78 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.323 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

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.