Invesco NASDAQ 100 ETF $QQQM Stake Cut by Latko Wealth Management Ltd.

Latko Wealth Management Ltd. reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,336 shares of the company’s stock after selling 3,078 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 13.0% of Latko Wealth Management Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Latko Wealth Management Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $26,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 3.2% during the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock worth $2,764,042,000 after buying an additional 350,190 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Invesco NASDAQ 100 ETF by 0.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock worth $959,484,000 after buying an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 6.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock worth $889,313,000 after buying an additional 231,965 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 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% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after buying an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.8%

NASDAQ:QQQM opened at $302.85 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $210.80 and a 12 month high of $303.26. The firm has a fifty day simple moving average of $267.28 and a 200-day simple moving average of $257.80. The company has a market capitalization of $90.91 billion, a P/E ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.4%.

Invesco NASDAQ 100 ETF Company Profile

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.