Avestar Capital LLC Has $6.10 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Avestar Capital LLC trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,698 shares of the company’s stock after selling 5,640 shares during the quarter. Avestar Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,103,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $538,021,000. Invesco Ltd. boosted its holdings in 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 during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in 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 worth $876,757,000 after purchasing an additional 1,630,000 shares during the period. Soundwatch Capital LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $3,159,000. Finally, Bank of Nova Scotia acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $277,718,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $249.38 on Thursday. The stock has a market cap of $71.53 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The company has a 50 day moving average of $254.00 and a 200-day moving average of $248.91. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.