Great Valley Advisor Group Inc. Trims Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Great Valley Advisor Group Inc. cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 29.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,298 shares of the company’s stock after selling 940 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $388,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. LPL Financial LLC grew its position in Invesco NASDAQ 100 ETF by 12.4% during the third quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock worth $572,426,000 after buying an additional 428,164 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Invesco NASDAQ 100 ETF by 8.4% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,393,233 shares of the company’s stock worth $500,196,000 after buying an additional 262,963 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Invesco NASDAQ 100 ETF by 25.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock worth $212,461,000 after buying an additional 254,025 shares in the last quarter. Ameriprise Financial Inc. grew its position in Invesco NASDAQ 100 ETF by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock worth $170,669,000 after buying an additional 94,790 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its position in Invesco NASDAQ 100 ETF by 53.0% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock worth $176,150,000 after buying an additional 362,075 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 2.0 %

Invesco NASDAQ 100 ETF stock opened at $179.20 on Monday. The business has a 50-day simple moving average of $179.65 and a 200 day simple moving average of $169.89. Invesco NASDAQ 100 ETF has a 52 week low of $129.60 and a 52 week high of $184.88. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.3454 per share. This represents a $1.38 annualized dividend and a yield of 0.77%. The ex-dividend date was Monday, March 18th.

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.