Citizens Financial Group Inc. RI Trims Stock Position in Invesco NASDAQ 100 ETF $QQQM

Citizens Financial Group Inc. RI lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,878 shares of the company’s stock after selling 21,752 shares during the period. Citizens Financial Group Inc. RI’s holdings in Invesco NASDAQ 100 ETF were worth $23,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $25,000. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $31,000. Osbon Capital Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $41,000. SJS Investment Consulting Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter valued at $40,000. Finally, Bank & Trust Co purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $46,000.

Invesco NASDAQ 100 ETF Stock Up 0.3%

NASDAQ:QQQM traded up $0.94 during mid-day trading on Friday, hitting $298.72. 2,619,746 shares of the company traded hands, compared to its average volume of 4,542,785. The stock’s fifty day moving average price is $295.73 and its 200-day moving average price is $267.63. The firm has a market cap of $100.14 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a one year low of $227.00 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.