Spectrum Strategic Capital Management LLC Sells 2,434 Shares of Invesco NASDAQ 100 ETF $QQQM

Spectrum Strategic Capital Management LLC trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,254 shares of the company’s stock after selling 2,434 shares during the quarter. Spectrum Strategic Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $823,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 3.2% in the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after acquiring an additional 350,190 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Invesco NASDAQ 100 ETF by 0.6% in 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 acquiring an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco NASDAQ 100 ETF by 6.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock valued at $889,313,000 after acquiring an additional 231,965 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 3,234.6% in 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 acquiring an additional 3,005,140 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives grew its position in shares of Invesco NASDAQ 100 ETF by 5.1% in 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 acquiring an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $291.89 on Monday. The firm has a 50-day moving average of $258.72 and a 200-day moving average of $255.35. Invesco NASDAQ 100 ETF has a one year low of $208.18 and a one year high of $297.29. The company has a market cap of $87.62 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given 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 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.