Spectrum Strategic Capital Management LLC Sells 2,434 Shares of Invesco NASDAQ 100 ETF $QQQM

Spectrum Strategic Capital Management LLC lessened its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,254 shares of the company’s stock after selling 2,434 shares during the period. Spectrum Strategic Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQM. Invesco Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 3.2% during the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock worth $2,764,042,000 after buying an additional 350,190 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Invesco NASDAQ 100 ETF by 0.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock worth $959,484,000 after buying an additional 22,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 6.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock worth $889,313,000 after buying an additional 231,965 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th 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 during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its stake in shares of Invesco NASDAQ 100 ETF by 5.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after buying an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $291.89 on Monday. The firm has a 50-day moving average of $258.72 and a 200-day moving average of $255.35. The stock has a market cap of $87.62 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52-week low of $208.18 and a 52-week high of $297.29.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.