Rovin Capital UT ADV Cuts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Rovin Capital UT ADV decreased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,182 shares of the company’s stock after selling 7,995 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 3.2% of Rovin Capital UT ADV’s holdings, making the stock its 5th biggest position. Rovin Capital UT ADV’s holdings in Invesco NASDAQ 100 ETF were worth $11,660,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $26,000. Trust Co. of Toledo NA OH acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $28,000. Pflug Koory LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $32,000. Finally, PrairieView Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 400.0% in 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.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $255.71 on Monday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The stock’s fifty day moving average is $253.77 and its 200-day moving average is $245.39. The firm has a market capitalization of $71.52 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change 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.