PNC Financial Services Group Inc. Trims Stock Position in Invesco NASDAQ 100 ETF $QQQM

PNC Financial Services Group Inc. lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,235,446 shares of the company’s stock after selling 28,715 shares during the quarter. PNC Financial Services Group Inc. owned 0.74% of Invesco NASDAQ 100 ETF worth $531,187,000 as of its most recent SEC filing.

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

Shares of NASDAQ QQQM opened at $291.90 on Wednesday. The company’s fifty day moving average price is $296.43 and its 200 day moving average price is $269.48. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The company has a market capitalization of $98.54 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.