Vontobel Holding Ltd. Cuts Holdings in Invesco NASDAQ 100 ETF $QQQM

Vontobel Holding Ltd. lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 52.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,700 shares of the company’s stock after selling 15,900 shares during the period. Vontobel Holding Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $3,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in QQQM. Bison Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $393,000. Capstone Wealth Management Group LLC increased its position in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 88.5% in the 1st quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock valued at $76,000 after purchasing an additional 185 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth $224,000. Finally, Comerica Bank lifted its position in shares of Invesco NASDAQ 100 ETF by 18.4% during the 1st quarter. Comerica Bank now owns 10,566 shares of the company’s stock worth $2,039,000 after purchasing an additional 1,642 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $256.63 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The firm has a market capitalization of $67.21 billion, a PE ratio of 31.95 and a beta of 1.16. The business’s fifty day moving average price is $253.55 and its 200 day moving average price is $241.20.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.