Invesco NASDAQ 100 ETF $QQQM Stock Position Cut by Brookstone Capital Management

Brookstone Capital Management lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,102 shares of the company’s stock after selling 3,859 shares during the period. Brookstone Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $11,378,000 at the end of the most recent quarter.

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

Invesco NASDAQ 100 ETF Trading Down 1.0%

Shares of NASDAQ QQQM opened at $249.26 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $252.42. The company has a market capitalization of $64.54 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The firm has a 50-day moving average of $242.56 and a two-hundred day moving average of $223.78.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis 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.