Invesco NASDAQ 100 ETF $QQQM is National Mutual Insurance Federation of Agricultural Cooperatives’ 8th Largest Position

National Mutual Insurance Federation of Agricultural Cooperatives lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.5% in the second quarter, Holdings Channel reports. The institutional investor owned 2,955,000 shares of the company’s stock after selling 310,000 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 5.4% of National Mutual Insurance Federation of Agricultural Cooperatives’ portfolio, making the stock its 8th largest position. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in Invesco NASDAQ 100 ETF were worth $671,080,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $1,932,000. Savvy Advisors Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 18.0% in the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after purchasing an additional 398 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth $203,000. Beaumont Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth $273,000. Finally, Atlas Legacy Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 0.4% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 81,745 shares of the company’s stock valued at $18,564,000 after buying an additional 293 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of QQQM stock opened at $255.89 on Wednesday. The company has a market cap of $67.02 billion, a P/E ratio of 31.95 and a beta of 1.16. The business has a 50 day moving average of $248.45 and a two-hundred day moving average of $231.73. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend and a 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.