Advisors Preferred LLC Lowers Stock Position in Invesco NASDAQ 100 ETF $QQQM

Advisors Preferred LLC reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,740 shares of the company’s stock after selling 4,800 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 3.5% of Advisors Preferred LLC’s investment portfolio, making the stock its 5th biggest position. Advisors Preferred LLC’s holdings in Invesco NASDAQ 100 ETF were worth $24,023,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQM. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $538,021,000. Invesco Ltd. raised its stake in Invesco NASDAQ 100 ETF by 18.8% in the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after purchasing an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Invesco NASDAQ 100 ETF by 73.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after purchasing an additional 1,630,000 shares in the last quarter. Soundwatch Capital LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $3,159,000. Finally, Bank of Nova Scotia acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $277,718,000.

Invesco NASDAQ 100 ETF Stock Up 0.9%

QQQM stock opened at $250.67 on Friday. The company’s 50-day moving average price is $253.78 and its two-hundred day moving average price is $249.17. The firm has a market cap of $71.90 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

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