Goldman Sachs Group Inc. Decreases Stock Position in Invesco NASDAQ 100 ETF $QQQM

Goldman Sachs Group Inc. lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 493,966 shares of the company’s stock after selling 25,624 shares during the quarter. Goldman Sachs Group Inc. owned about 0.17% of Invesco NASDAQ 100 ETF worth $124,934,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of QQQM. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after acquiring an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1,615.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after acquiring an additional 899,154 shares during the last quarter. Bouchey Financial Group Ltd lifted its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 22.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after acquiring an additional 422,032 shares during the last quarter. Finally, Asset Allocation Strategies LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 728.3% in the 2nd quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock valued at $98,814,000 after acquiring an additional 382,579 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $294.81 on Tuesday. The firm has a market capitalization of $88.50 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The business has a 50 day simple moving average of $275.73 and a 200-day simple moving average of $260.26. Invesco NASDAQ 100 ETF has a 1 year low of $215.55 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.