Taiyo Life Insurance Co. Cuts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Taiyo Life Insurance Co. decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 263,000 shares of the company’s stock after selling 120,000 shares during the period. Invesco NASDAQ 100 ETF comprises about 6.9% of Taiyo Life Insurance Co.’s holdings, making the stock its 7th largest holding. Taiyo Life Insurance Co.’s holdings in Invesco NASDAQ 100 ETF were worth $62,494,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vision Retirement LLC grew its stake in Invesco NASDAQ 100 ETF by 112.3% in the first quarter. Vision Retirement LLC now owns 4,840 shares of the company’s stock worth $1,150,000 after purchasing an additional 2,560 shares during the period. Hanseatic Management Services Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter valued at $2,587,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at $2,192,000. Ranch Capital Advisors Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 7.0% during the 1st quarter. Ranch Capital Advisors Inc. now owns 7,069 shares of the company’s stock valued at $1,680,000 after buying an additional 465 shares in the last quarter. Finally, Zhang Financial LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 7.3% during the 1st quarter. Zhang Financial LLC now owns 10,464 shares of the company’s stock valued at $2,486,000 after buying an additional 712 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $286.31 on Monday. The firm’s 50-day moving average price is $296.55 and its 200-day moving average price is $268.98. The company has a market capitalization of $96.50 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1-year low of $227.00 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.