RFG Advisory LLC Sells 290,313 Shares of Invesco NASDAQ 100 ETF $QQQM

RFG Advisory LLC reduced its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 70.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,386 shares of the company’s stock after selling 290,313 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 0.6% of RFG Advisory LLC’s investment portfolio, making the stock its 27th largest holding. RFG Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $27,567,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $90,815,000. Raymond James Financial Inc. increased its holdings in shares of 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 worth $424,950,000 after acquiring an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after acquiring an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 worth $566,139,000 after acquiring an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Invesco NASDAQ 100 ETF by 88.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after buying an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $247.83 on Tuesday. The company has a market cap of $63.73 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $252.42. 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 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 issued a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

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.