PKO Investment Management Joint Stock Co Sells 145,000 Shares of Invesco NASDAQ 100 ETF $QQQM

PKO Investment Management Joint Stock Co lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 65.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 75,000 shares of the company’s stock after selling 145,000 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.8% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 11th largest position. PKO Investment Management Joint Stock Co’s holdings in Invesco NASDAQ 100 ETF were worth $17,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Uptick Partners LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.4% during the second quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after acquiring an additional 52 shares in the last quarter. Opulen Financial Group LLC increased its stake in Invesco NASDAQ 100 ETF by 1.3% during the 1st quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after purchasing an additional 59 shares in the last quarter. Compass Advisory Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 1.3% during the first quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock worth $927,000 after buying an additional 60 shares during the last quarter. Purus Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 0.4% in the first quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after buying an additional 61 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 3.3% during the first quarter. Pettyjohn Wood & White Inc. now owns 2,050 shares of the company’s stock valued at $396,000 after buying an additional 65 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $254.02 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $254.58. The stock has a market cap of $66.10 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The firm’s 50-day simple moving average is $243.14 and its 200 day simple moving average is $224.88.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend 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.