Invesco NASDAQ 100 ETF $QQQM Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,264,161 shares of the company’s stock after selling 83,899 shares during the period. PNC Financial Services Group Inc. owned about 0.79% of Invesco NASDAQ 100 ETF worth $572,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQM. Migdal Insurance & Financial Holdings Ltd. grew its position in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth $538,021,000. Bouchey Financial Group Ltd increased its position in shares of Invesco NASDAQ 100 ETF by 68,507.2% during the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after purchasing an additional 587,107 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% during the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after buying an additional 469,957 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in 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 purchasing an additional 422,032 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6%

Shares of NASDAQ QQQM opened at $288.84 on Wednesday. The company has a 50-day moving average of $260.36 and a two-hundred day moving average of $255.75. Invesco NASDAQ 100 ETF has a 1-year low of $208.18 and a 1-year high of $297.29. The company has a market cap of $86.70 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

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.