Invesco NASDAQ 100 ETF $QQQM Holdings Decreased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 40.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,415 shares of the company’s stock after selling 175,613 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 4.1% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Frank Rimerman Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $63,860,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $538,021,000. Invesco Ltd. boosted its position in shares of Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after purchasing an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco NASDAQ 100 ETF by 73.1% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after buying an additional 1,630,000 shares during the last quarter. Soundwatch Capital LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $3,159,000. Finally, Bank of Nova Scotia purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $277,718,000.

Invesco NASDAQ 100 ETF Trading Down 1.2%

Invesco NASDAQ 100 ETF stock opened at $256.05 on Friday. The business’s fifty day simple moving average is $255.19 and its two-hundred day simple moving average is $247.11. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The company has a market capitalization of $72.68 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.