Baring Financial LLC Sells 3,196 Shares of Invesco NASDAQ 100 ETF $QQQM

Baring Financial LLC cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,764 shares of the company’s stock after selling 3,196 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 7.4% of Baring Financial LLC’s investment portfolio, making the stock its 2nd largest holding. Baring Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $13,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after purchasing an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after purchasing an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after purchasing an additional 313,262 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives grew its position in shares of Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $297.70 on Friday. The stock has a market cap of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The business has a 50 day simple moving average of $294.00 and a 200 day simple moving average of $272.19. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.3522 dividend. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date 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.