Diversified LLC Has $17.85 Million Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Diversified LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.1% in the third quarter, HoldingsChannel reports. The firm owned 88,892 shares of the company’s stock after buying an additional 963 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 2.0% of Diversified LLC’s holdings, making the stock its 9th largest holding. Diversified LLC’s holdings in Invesco NASDAQ 100 ETF were worth $17,854,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position 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 purchasing an additional 7,317,531 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after purchasing an additional 754,700 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd 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 in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives grew its position in Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after purchasing an additional 1,712,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.7 %

Invesco NASDAQ 100 ETF stock opened at $209.70 on Monday. Invesco NASDAQ 100 ETF has a twelve month low of $157.44 and a twelve month high of $212.19. The firm has a 50 day moving average price of $202.94 and a 200-day moving average price of $196.39. The company has a market capitalization of $35.73 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, September 23rd.

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.