PKO Investment Management Joint Stock Co Decreases Stake in Invesco NASDAQ 100 ETF $QQQM

PKO Investment Management Joint Stock Co cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 65.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after selling 145,000 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.8% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 11th biggest holding. PKO Investment Management Joint Stock Co’s holdings in Invesco NASDAQ 100 ETF were worth $17,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $90,815,000. Raymond James Financial Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 23.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after acquiring an additional 421,792 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Invesco NASDAQ 100 ETF by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after buying an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after acquiring an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after acquiring an additional 271,551 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $254.02 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $254.58. The company has a market capitalization of $66.10 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business has a 50 day moving average of $243.14 and a 200 day moving average of $224.88.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 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.