Prota Financial LLC Sells 5,012 Shares of Invesco NASDAQ 100 ETF $QQQM

Prota Financial LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 37,861 shares of the company’s stock after selling 5,012 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 7.4% of Prota Financial LLC’s portfolio, making the stock its 2nd biggest position. Prota Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $11,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the fourth 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 period. Principia Wealth Advisory LLC lifted its stake 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 worth $241,488,000 after acquiring an additional 899,154 shares during the last quarter. Meitav Investment House Ltd. lifted its stake in Invesco NASDAQ 100 ETF by 25.3% in the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after acquiring an additional 520,102 shares during the last quarter. Royal Bank of Canada grew its holdings in Invesco NASDAQ 100 ETF by 62.9% during the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after acquiring an additional 497,004 shares in the last quarter. Finally, Invesco Ltd. grew its holdings 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 acquiring an additional 468,626 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 3.4%

Shares of NASDAQ:QQQM opened at $298.03 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The company’s 50 day moving average is $294.40 and its two-hundred day moving average is $271.46. The company has a market cap of $102.30 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid 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 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.