PNC Financial Services Group Inc. Sells 88,499 Shares of Invesco NASDAQ 100 ETF $QQQM

PNC Financial Services Group Inc. decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,427,022 shares of the company’s stock after selling 88,499 shares during the period. PNC Financial Services Group Inc. owned 1.01% of Invesco NASDAQ 100 ETF worth $551,177,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pflug Koory LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth $32,000. NorthRock Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $28,000. HHM Wealth Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 273.2% in the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after acquiring an additional 112 shares during the period. PrairieView Partners LLC grew its position in shares of Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Finally, Rosenberg Matthew Hamilton bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $43,000.

Invesco NASDAQ 100 ETF Trading Down 0.3%

NASDAQ QQQM opened at $255.89 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock’s 50 day moving average is $248.45 and its 200 day moving average is $231.73. The stock has a market cap of $67.02 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a 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.