Private Advisor Group LLC Sells 8,570 Shares of Invesco NASDAQ 100 ETF $QQQM

Private Advisor Group LLC lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 895,507 shares of the company’s stock after selling 8,570 shares during the period. Invesco NASDAQ 100 ETF accounts for 1.0% of Private Advisor Group LLC’s holdings, making the stock its 12th biggest holding. Private Advisor Group LLC owned about 0.30% of Invesco NASDAQ 100 ETF worth $212,790,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQM. Invesco Ltd. raised its position in Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after purchasing an additional 468,626 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after buying an additional 65,487 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position 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 last quarter. Raymond James Financial Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after buying an additional 313,262 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives increased its stake in shares of Invesco NASDAQ 100 ETF by 5.1% in the fourth 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 Trading Down 1.7%

Shares of QQQM stock opened at $293.42 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $226.25 and a 1-year high of $308.21. The stock has a market cap of $98.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The stock has a 50-day moving average of $292.84 and a 200-day moving average of $265.87.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a 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.