Vontobel Holding Ltd. Cuts Position in Invesco NASDAQ 100 ETF $QQQM

Vontobel Holding Ltd. trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 52.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,700 shares of the company’s stock after selling 15,900 shares during the period. Vontobel Holding Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $3,633,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Pflug Koory LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $32,000. PrairieView Partners LLC increased its stake in Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the period. ROSS JOHNSON & Associates LLC purchased a new stake in Invesco NASDAQ 100 ETF during the first quarter worth about $42,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $43,000. Finally, AlphaCore Capital LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 850.0% in the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock valued at $43,000 after purchasing an additional 170 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $256.63 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a 50 day moving average price of $253.55 and a 200 day moving average price of $241.20. The stock has a market capitalization of $67.21 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.323 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd.

Invesco NASDAQ 100 ETF 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.