Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Comerica Bank

Comerica Bank lowered its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 35.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,924 shares of the company’s stock after selling 4,864 shares during the period. Comerica Bank’s holdings in Invesco NASDAQ 100 ETF were worth $1,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQM. AQR Capital Management LLC lifted its position in Invesco NASDAQ 100 ETF by 45.8% during the 4th quarter. AQR Capital Management LLC now owns 28,566 shares of the company’s stock worth $6,012,000 after acquiring an additional 8,980 shares during the period. Northern Trust Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $420,000. The Manufacturers Life Insurance Company purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $1,431,000. Beacon Pointe Advisors LLC increased its stake in Invesco NASDAQ 100 ETF by 13.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 5,097 shares of the company’s stock valued at $1,073,000 after buying an additional 597 shares during the period. Finally, Betterment LLC raised its position in Invesco NASDAQ 100 ETF by 15.0% during the 4th quarter. Betterment LLC now owns 29,151 shares of the company’s stock worth $6,135,000 after buying an additional 3,810 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.0 %

Shares of QQQM opened at $200.96 on Friday. The firm has a market capitalization of $42.87 billion, a PE ratio of 27.89 and a beta of 1.18. The stock’s 50 day moving average is $192.60 and its two-hundred day moving average is $205.53. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.3176 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.