MML Investors Services LLC Cuts Position in Invesco NASDAQ 100 ETF $QQQM

MML Investors Services LLC decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 439,316 shares of the company’s stock after selling 64,725 shares during the quarter. MML Investors Services LLC owned about 0.15% of Invesco NASDAQ 100 ETF worth $111,112,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Invesco Ltd. raised its position in Invesco NASDAQ 100 ETF by 3.2% in the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock worth $2,764,042,000 after acquiring an additional 350,190 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Invesco NASDAQ 100 ETF by 0.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after buying an additional 22,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after buying an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares in the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives increased its position in shares of Invesco NASDAQ 100 ETF by 5.1% in the fourth 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 buying an additional 129,000 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $297.01 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21. The stock has a market cap of $89.16 billion, a P/E ratio of 31.95 and a beta of 1.23. The business has a fifty day simple moving average of $280.33 and a 200-day simple moving average of $261.60.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco NASDAQ 100 ETF 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.