Invesco NASDAQ 100 ETF $QQQM Shares Sold by Scarborough Advisors LLC

Scarborough Advisors LLC reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,731 shares of the company’s stock after selling 19,630 shares during the period. Invesco NASDAQ 100 ETF makes up 5.6% of Scarborough Advisors LLC’s holdings, making the stock its 2nd largest position. Scarborough Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $50,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after acquiring an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC boosted its stake in Invesco NASDAQ 100 ETF by 1,615.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock worth $241,488,000 after purchasing an additional 899,154 shares in the last quarter. Bouchey Financial Group Ltd grew its position in Invesco NASDAQ 100 ETF by 68,507.2% during the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after purchasing an additional 587,107 shares during the last quarter. Meitav Investment House Ltd. increased its stake in Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after purchasing an additional 520,102 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Invesco NASDAQ 100 ETF by 62.9% in the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after buying an additional 497,004 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $286.31 on Monday. Invesco NASDAQ 100 ETF has a 12-month low of $227.00 and a 12-month high of $308.21. The company has a fifty day simple moving average of $296.55 and a two-hundred day simple moving average of $268.98. The stock has a market cap of $96.50 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.3522 dividend. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 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.