Richard W. Paul & Associates LLC Has $939,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Richard W. Paul & Associates LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.8% during the fourth quarter, HoldingsChannel reports. The fund owned 4,461 shares of the company’s stock after selling 377 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC grew its stake in Invesco NASDAQ 100 ETF by 26,756.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after purchasing an additional 6,174,281 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $208,737,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after buying an additional 754,700 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in Invesco NASDAQ 100 ETF by 30.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after buying an additional 713,000 shares during the last quarter. Finally, Main Management Fund Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $65,598,000.

Invesco NASDAQ 100 ETF Stock Up 1.6 %

NASDAQ QQQM opened at $209.26 on Friday. The stock has a market capitalization of $41.55 billion, a PE ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $222.64. The company has a 50 day moving average price of $214.93 and a two-hundred day moving average price of $207.05.

Invesco NASDAQ 100 ETF Announces Dividend

The firm 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.