Invesco NASDAQ 100 ETF $QQQM Shares Sold by Banco Santander S.A.

Banco Santander S.A. cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,120 shares of the company’s stock after selling 18,500 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 0.9% of Banco Santander S.A.’s portfolio, making the stock its 18th largest holding. Banco Santander S.A. owned 0.16% of Invesco NASDAQ 100 ETF worth $105,056,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cypress Wealth Services LLC grew its holdings in Invesco NASDAQ 100 ETF by 3.4% during the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after buying an additional 41 shares during the last quarter. Base Wealth Management LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after acquiring an additional 43 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 0.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after acquiring an additional 43 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after acquiring an additional 46 shares in the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 4.3% during the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock valued at $263,000 after acquiring an additional 48 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.2%

Invesco NASDAQ 100 ETF stock opened at $250.88 on Friday. The stock has a 50-day moving average price of $253.81 and a 200 day moving average price of $249.51. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The stock has a market cap of $71.96 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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