SCS Capital Management LLC Has $3.36 Million Position in Invesco NASDAQ 100 ETF $QQQM

SCS Capital Management LLC lowered its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 14.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,271 shares of the company’s stock after selling 2,184 shares during the period. SCS Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Florida Financial Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 10.7% in the fourth quarter. Florida Financial Advisors LLC now owns 10,209 shares of the company’s stock valued at $2,582,000 after purchasing an additional 984 shares in the last quarter. Redwood Financial Network Corp lifted its stake in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Redwood Financial Network Corp now owns 26,229 shares of the company’s stock valued at $6,634,000 after acquiring an additional 1,051 shares during the period. Main Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 0.4% during the fourth quarter. Main Management LLC now owns 192,645 shares of the company’s stock valued at $48,724,000 after acquiring an additional 810 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 24.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 71,425 shares of the company’s stock valued at $18,065,000 after acquiring an additional 14,000 shares during the period. Finally, Essex Financial Services Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.9% during the fourth quarter. Essex Financial Services Inc. now owns 12,154 shares of the company’s stock valued at $3,074,000 after acquiring an additional 226 shares during the period.

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Invesco NASDAQ 100 ETF Stock Up 0.6%

Shares of QQQM opened at $305.82 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $212.46 and a 12-month high of $306.98. The firm has a market capitalization of $91.80 billion, a PE ratio of 31.95 and a beta of 1.21. The stock’s fifty day simple moving average is $269.69 and its 200-day simple moving average is $258.49.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

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