Lido Advisors LLC Lowers Position in Invesco NASDAQ 100 ETF $QQQM

Lido Advisors LLC reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 45.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,708 shares of the company’s stock after selling 50,296 shares during the quarter. Lido Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake 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 valued at $783,561,000 after purchasing an additional 3,005,140 shares during the period. Principia Wealth Advisory LLC grew its stake in Invesco NASDAQ 100 ETF by 1,615.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after purchasing an additional 899,154 shares during the period. Bouchey Financial Group Ltd grew its stake in Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after purchasing an additional 587,107 shares during the period. Ameriprise Financial Inc. grew its stake in Invesco NASDAQ 100 ETF by 22.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after purchasing an additional 422,032 shares during the period. Finally, Asset Allocation Strategies LLC grew its stake in Invesco NASDAQ 100 ETF by 728.3% in the 2nd quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock valued at $98,814,000 after purchasing an additional 382,579 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $304.94 on Friday. The company has a market capitalization of $91.54 billion, a PE ratio of 31.95 and a beta of 1.23. The business has a fifty day moving average price of $273.60 and a two-hundred day moving average price of $259.62. Invesco NASDAQ 100 ETF has a 1 year low of $215.26 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared 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. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd. This is a positive change 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.