Arrowroot Family Office LLC Reduces Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arrowroot Family Office LLC reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.9% in the third quarter, Holdings Channel.com reports. The fund owned 6,858 shares of the company’s stock after selling 509 shares during the period. Arrowroot Family Office LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in QQQM. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after buying an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after acquiring an additional 3,978,954 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its position in shares of Invesco NASDAQ 100 ETF by 260.2% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after acquiring an additional 1,712,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Invesco NASDAQ 100 ETF by 13.9% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after purchasing an additional 754,700 shares in the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth approximately $87,237,000.

Invesco NASDAQ 100 ETF Stock Up 0.9 %

QQQM opened at $209.80 on Monday. The business’s fifty day simple moving average is $204.19 and its 200 day simple moving average is $197.29. Invesco NASDAQ 100 ETF has a 52 week low of $157.44 and a 52 week high of $212.19. The stock has a market cap of $35.75 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company 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.