Lido Advisors LLC Cuts Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Lido Advisors LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 91.3% during the first quarter, Holdings Channel reports. The firm owned 5,292 shares of the company’s stock after selling 55,416 shares during the period. Lido Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,258,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1,615.9% in the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after acquiring an additional 899,154 shares during the last quarter. Bouchey Financial Group Ltd boosted its holdings in Invesco NASDAQ 100 ETF by 68,507.2% in the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares during the last quarter. Meitav Investment House Ltd. grew its position in Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after acquiring an additional 520,102 shares during the period. Finally, Royal Bank of Canada grew its position in Invesco NASDAQ 100 ETF by 62.9% during the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock valued at $325,458,000 after acquiring an additional 497,004 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $280.86 on Tuesday. The firm has a market capitalization of $95.81 billion, a PE ratio of 31.95 and a beta of 1.22. The business has a 50-day moving average of $295.73 and a two-hundred day moving average of $270.34. Invesco NASDAQ 100 ETF has a 12 month low of $227.00 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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