Crescent Grove Advisors LLC Lowers Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Crescent Grove Advisors LLC lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,450 shares of the company’s stock after selling 311 shares during the period. Crescent Grove Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Envestnet Asset Management Inc. grew its holdings in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after purchasing an additional 3,978,954 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its position in shares of Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after purchasing an additional 1,712,000 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after buying an additional 879,707 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $87,237,000.

Invesco NASDAQ 100 ETF Trading Up 1.3 %

Shares of NASDAQ:QQQM opened at $202.58 on Wednesday. The stock has a fifty day simple moving average of $198.51 and a two-hundred day simple moving average of $193.47. Invesco NASDAQ 100 ETF has a 12-month low of $150.95 and a 12-month high of $207.24. The stock has a market capitalization of $34.52 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco NASDAQ 100 ETF

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.