Barings LLC Lowers Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Barings LLC reduced its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,670 shares of the company’s stock after selling 4,386 shares during the quarter. Barings LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,263,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3.2% in the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after buying an additional 350,190 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Invesco NASDAQ 100 ETF by 0.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after buying an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after buying an additional 65,487 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after buying an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $295.02 on Friday. The business has a 50 day simple moving average of $279.20 and a 200-day simple moving average of $261.26. The stock has a market capitalization of $88.56 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12 month low of $215.55 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.