Invesco NASDAQ 100 ETF $QQQM Shares Sold by Nadler Financial Group Inc.

Nadler Financial Group Inc. cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,318 shares of the company’s stock after selling 125 shares during the quarter. Nadler Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $299,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in Invesco NASDAQ 100 ETF by 5.9% in 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 acquiring an additional 182,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after acquiring an additional 368,544 shares during the period. Raymond James Financial Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after acquiring an additional 421,792 shares during the period. Meitav Investment House Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 4.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after buying an additional 81,933 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after buying an additional 68,935 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $247.83 on Tuesday. The company has a market cap of $63.73 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The stock has a 50 day simple moving average of $240.68 and a 200-day simple moving average of $221.33. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.