Global Trust Asset Management LLC Lowers Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Global Trust Asset Management LLC trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 84.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 338 shares of the company’s stock after selling 1,858 shares during the period. Global Trust Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $68,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after purchasing an additional 3,978,954 shares during the period. Cetera Investment Advisers lifted its position in shares of Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after purchasing an additional 879,707 shares during the period. Yelin Lapidot Holdings Management Ltd. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $87,237,000. Finally, Hollencrest Capital Management lifted its position in shares of Invesco NASDAQ 100 ETF by 1,241.6% in the 1st quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock worth $75,696,000 after purchasing an additional 383,458 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $203.85 on Friday. The company has a 50 day moving average price of $197.76 and a 200-day moving average price of $192.06. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $207.24. The stock has a market capitalization of $34.88 billion, a PE 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. Stockholders of record on Monday, September 23rd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.59%.

About Invesco NASDAQ 100 ETF

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.