MWA Asset Management Lowers Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

MWA Asset Management trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,872 shares of the company’s stock after selling 293 shares during the period. MWA Asset Management’s holdings in Invesco NASDAQ 100 ETF were worth $376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after acquiring an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after purchasing an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in shares of Invesco NASDAQ 100 ETF by 260.2% during the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after purchasing an additional 1,712,000 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco NASDAQ 100 ETF by 536.4% during the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after buying an additional 879,707 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. bought a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $87,237,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $207.21 on Wednesday. The business has a 50-day simple moving average of $201.77 and a two-hundred day simple moving average of $195.63. The firm has a market cap of $35.31 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%.

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.