Root Financial Partners LLC Lowers Holdings in Invesco NASDAQ 100 ETF $QQQM

Root Financial Partners LLC cut its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 63.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,308 shares of the company’s stock after selling 9,096 shares during the quarter. Root Financial Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its stake in Invesco NASDAQ 100 ETF by 3.2% in the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock worth $2,764,042,000 after purchasing an additional 350,190 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Invesco NASDAQ 100 ETF by 0.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after purchasing an additional 22,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after purchasing an additional 65,487 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after purchasing an additional 3,005,140 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives grew its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $305.82 on Tuesday. Invesco NASDAQ 100 ETF has a 52 week low of $212.46 and a 52 week high of $306.98. The firm’s fifty day moving average is $269.69 and its 200 day moving average is $258.49. The firm has a market cap of $91.80 billion, a P/E ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%.

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.