Echo45 Advisors LLC Sells 10,679 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Echo45 Advisors LLC reduced its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,725 shares of the company’s stock after selling 10,679 shares during the quarter. Invesco NASDAQ 100 ETF comprises 4.4% of Echo45 Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Echo45 Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,772,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Invesco NASDAQ 100 ETF by 13.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after acquiring an additional 754,700 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in shares of Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after purchasing an additional 1,712,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 19.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after purchasing an additional 283,257 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco NASDAQ 100 ETF by 13.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,651,789 shares of the company’s stock worth $331,762,000 after buying an additional 194,261 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its position in Invesco NASDAQ 100 ETF by 25.7% during the third quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock worth $319,132,000 after buying an additional 324,887 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.3 %

Shares of Invesco NASDAQ 100 ETF stock opened at $218.83 on Thursday. The company has a 50-day moving average of $212.55 and a two-hundred day moving average of $202.73. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $221.92. The stock has a market cap of $42.36 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

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.