Bank of Nova Scotia Cuts Holdings in Invesco NASDAQ 100 ETF $QQQM

Bank of Nova Scotia cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 56.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,537 shares of the company’s stock after selling 689,353 shares during the quarter. Bank of Nova Scotia owned 0.20% of Invesco NASDAQ 100 ETF worth $131,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $538,021,000. Invesco Ltd. lifted its stake 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 purchasing an additional 1,715,025 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Invesco NASDAQ 100 ETF by 73.1% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after buying an additional 1,630,000 shares in the last quarter. Soundwatch Capital LLC purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $3,159,000. Finally, Mizuho Bank Ltd. acquired a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $272,520,000.

Invesco NASDAQ 100 ETF Trading Down 0.6%

Shares of Invesco NASDAQ 100 ETF stock opened at $244.45 on Friday. The company has a 50-day moving average of $252.49 and a two-hundred day moving average of $250.59. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The stock has a market cap of $70.12 billion, a PE ratio of 31.95 and a beta of 1.16.

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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

Invesco NASDAQ 100 ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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