Mainstay Capital Management LLC ADV Lowers Stake in Invesco NASDAQ 100 ETF $QQQM

Mainstay Capital Management LLC ADV reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 50.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 153,787 shares of the company’s stock after selling 153,649 shares during the period. Invesco NASDAQ 100 ETF makes up 3.8% of Mainstay Capital Management LLC ADV’s investment portfolio, making the stock its 11th biggest position. Mainstay Capital Management LLC ADV owned about 0.06% of Invesco NASDAQ 100 ETF worth $38,004,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jackson Hole Capital Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $25,000. Wolff Wiese Magana LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $26,000. New Millennium Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000.

Invesco NASDAQ 100 ETF Trading Down 1.4%

Shares of Invesco NASDAQ 100 ETF stock opened at $244.92 on Thursday. The firm has a market capitalization of $70.25 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The business’s 50-day moving average price is $251.94 and its 200-day moving average price is $250.82.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%.

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.