Focus Partners Advisor Solutions LLC Lowers Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Focus Partners Advisor Solutions LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 87.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 921 shares of the company’s stock after selling 6,456 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Vantagepoint Investment Advisers LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $538,021,000. Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of 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 acquiring an additional 1,630,000 shares in the last quarter. Soundwatch Capital LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $3,159,000. Finally, Bank of Nova Scotia acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $277,718,000.

Invesco NASDAQ 100 ETF Stock Up 0.0%

NASDAQ QQQM opened at $250.27 on Wednesday. The stock has a market capitalization of $71.79 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The firm has a 50-day moving average price of $252.84 and a 200 day moving average price of $250.46.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. 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. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company 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.