Private Advisor Group LLC Sells 8,570 Shares of Invesco NASDAQ 100 ETF $QQQM

Private Advisor Group LLC decreased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 895,507 shares of the company’s stock after selling 8,570 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.0% of Private Advisor Group LLC’s holdings, making the stock its 12th biggest position. Private Advisor Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $212,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nicholas Wealth LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $1,164,000. Bank of New York Mellon Corp grew its stake in Invesco NASDAQ 100 ETF by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after purchasing an additional 62,705 shares during the period. Blue Edge Capital LLC increased its holdings in Invesco NASDAQ 100 ETF by 29.9% in the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after purchasing an additional 5,309 shares in the last quarter. EdgeRock Capital LLC increased its holdings in Invesco NASDAQ 100 ETF by 2.5% in the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after purchasing an additional 3,809 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC increased its holdings in Invesco NASDAQ 100 ETF by 1,046.7% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after purchasing an additional 46,409 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $293.42 on Friday. The firm has a market cap of $98.16 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $226.25 and a 52-week high of $308.21. The business’s 50 day moving average price is $292.84 and its two-hundred day moving average price is $265.87.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.