Truist Financial Corp Has $32.59 Million Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Truist Financial Corp lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.9% during the second quarter, Holdings Channel.com reports. The firm owned 165,346 shares of the company’s stock after acquiring an additional 29,712 shares during the quarter. Truist Financial Corp’s holdings in Invesco NASDAQ 100 ETF were worth $32,591,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QQQM. ICA Group Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 24.0% during the 4th quarter. ICA Group Wealth Management LLC now owns 23,424 shares of the company’s stock worth $3,948,000 after buying an additional 4,530 shares during the period. Mather Group LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth approximately $39,000. Quantbot Technologies LP acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $265,000. Gerber LLC bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $1,197,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $204,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $198.36 on Thursday. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The firm’s fifty day moving average is $192.86 and its 200-day moving average is $189.73. The firm has a market cap of $30.84 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%.

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.