Barings LLC Sells 3,837 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Barings LLC cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,013 shares of the company’s stock after selling 3,837 shares during the period. Barings LLC’s holdings in Invesco NASDAQ 100 ETF were worth $13,321,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QQQM. Invesco Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock valued at $1,962,081,000 after acquiring an additional 1,170,093 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 1.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,653,767 shares of the company’s stock valued at $1,610,735,000 after purchasing an additional 84,709 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives increased its stake in shares of Invesco NASDAQ 100 ETF by 5.9% during the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock valued at $630,210,000 after purchasing an additional 182,000 shares in the last quarter. FMR LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 46.5% during the fourth quarter. FMR LLC now owns 2,261,812 shares of the company’s stock valued at $478,521,000 after purchasing an additional 717,591 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 11.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,630,124 shares of the company’s stock valued at $343,059,000 after purchasing an additional 172,596 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 2.0%

NASDAQ:QQQM opened at $228.02 on Friday. The company’s 50 day moving average price is $223.95 and its 200-day moving average price is $210.27. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $236.53. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.3161 per share. The ex-dividend date was Monday, June 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.6%.

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.