Invesco NASDAQ 100 ETF $QQQM Shares Sold by Financial Enhancement Group LLC

Financial Enhancement Group LLC lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.9% in the 2nd quarter, Holdings Channel reports. The fund owned 40,312 shares of the company’s stock after selling 2,993 shares during the period. Invesco NASDAQ 100 ETF comprises 1.5% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 24th biggest holding. Financial Enhancement Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,213,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Invesco Ltd. lifted its position in Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after purchasing an additional 65,487 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after purchasing an additional 3,005,140 shares during the last quarter. Raymond James Financial Inc. grew its position in Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock worth $742,825,000 after purchasing an additional 313,262 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives increased its stake in shares of Invesco NASDAQ 100 ETF by 5.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 3.4%

QQQM opened at $298.03 on Wednesday. The business’s 50 day moving average is $294.40 and its 200-day moving average is $271.46. The stock has a market cap of $102.30 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.