National Wealth Management Group LLC Decreases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

National Wealth Management Group LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 44.0% in the third quarter, Holdings Channel.com reports. The firm owned 11,602 shares of the company’s stock after selling 9,124 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 1.6% of National Wealth Management Group LLC’s investment portfolio, making the stock its 16th biggest position. National Wealth Management Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQM. Envestnet Asset Management Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after acquiring an additional 7,317,531 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Invesco NASDAQ 100 ETF by 13.9% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after purchasing an additional 754,700 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after buying an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives boosted its holdings in Invesco NASDAQ 100 ETF by 260.2% during 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 acquiring an additional 1,712,000 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after acquiring an additional 283,257 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM traded down $2.12 during midday trading on Wednesday, hitting $207.51. The company’s stock had a trading volume of 297,333 shares, compared to its average volume of 1,813,509. Invesco NASDAQ 100 ETF has a 1 year low of $157.44 and a 1 year high of $212.19. The business’s fifty day simple moving average is $203.51 and its two-hundred day simple moving average is $196.78. The firm has a market capitalization of $35.36 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%.

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.