Clal Insurance Enterprises Holdings Ltd Increases Position in Invesco NASDAQ 100 ETF $QQQM

Clal Insurance Enterprises Holdings Ltd lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 73.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,860,663 shares of the company’s stock after buying an additional 1,630,000 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 8.6% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 2nd largest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Invesco NASDAQ 100 ETF were worth $876,757,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQM. Mark Sheptoff Financial Planning LLC grew its position in Invesco NASDAQ 100 ETF by 30.7% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 217 shares of the company’s stock worth $49,000 after acquiring an additional 51 shares during the last quarter. Uptick Partners LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.4% during the second quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after purchasing an additional 52 shares during the period. Compass Advisory Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.3% in the first quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock worth $927,000 after purchasing an additional 60 shares during the last quarter. Purus Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 0.4% in the first quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock worth $2,629,000 after buying an additional 61 shares during the period. Finally, Pettyjohn Wood & White Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 3.3% in the first quarter. Pettyjohn Wood & White Inc. now owns 2,050 shares of the company’s stock worth $396,000 after buying an additional 65 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.2%

Shares of QQQM opened at $245.51 on Wednesday. The stock has a market capitalization of $64.30 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The firm has a fifty day simple moving average of $249.75 and a two-hundred day simple moving average of $233.60.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.