Rational Advisors Inc. Has $45.84 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Rational Advisors Inc. reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.2% in the 4th quarter, HoldingsChannel reports. The firm owned 181,257 shares of the company’s stock after selling 25,298 shares during the period. Invesco NASDAQ 100 ETF accounts for about 4.7% of Rational Advisors Inc.’s investment portfolio, making the stock its 6th largest holding. Rational Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $45,844,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC lifted its holdings in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the last quarter. Empowered Funds LLC bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $305.82 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $215.25 and a 12-month high of $307.33. The company has a market capitalization of $91.80 billion, a P/E ratio of 31.95 and a beta of 1.21. The firm has a 50-day moving average price of $269.69 and a 200 day moving average price of $258.49.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.