Invesco NASDAQ 100 ETF $QQQM Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,580 shares of the company’s stock after selling 14,678 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.25% of Invesco NASDAQ 100 ETF worth $159,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vantagepoint Investment Advisers LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $538,021,000. Invesco Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after buying an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Invesco NASDAQ 100 ETF by 73.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after buying an additional 1,630,000 shares during the last quarter. Soundwatch Capital LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $3,159,000. Finally, Bank of Nova Scotia purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $277,718,000.

Invesco NASDAQ 100 ETF Trading Up 0.8%

Shares of NASDAQ QQQM opened at $261.80 on Wednesday. The stock has a market cap of $73.89 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The company has a 50-day moving average of $254.29 and a 200 day moving average of $246.74.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.323 dividend. This represents a $1.29 annualized dividend and a yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd.

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.