Virtue Capital Management LLC Decreases Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Virtue Capital Management LLC trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,313 shares of the company’s stock after selling 197 shares during the quarter. Virtue Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,670,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Invesco NASDAQ 100 ETF by 1,650.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after buying an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in shares of 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 buying an additional 1,712,000 shares during the period. 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 last quarter. Finally, Yelin Lapidot Holdings Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF in the second quarter worth approximately $87,237,000.

Invesco NASDAQ 100 ETF Trading Down 0.4 %

NASDAQ QQQM opened at $214.28 on Wednesday. The stock has a fifty day simple moving average of $206.23 and a 200-day simple moving average of $198.64. The stock has a market cap of $36.52 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $161.13 and a twelve month high of $216.80.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

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.