Citizens Financial Group Inc. RI Acquires 36,862 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Citizens Financial Group Inc. RI grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2,199.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,538 shares of the company’s stock after buying an additional 36,862 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Invesco NASDAQ 100 ETF were worth $7,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $388,000. Aveo Capital Partners LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 63.7% during the 4th quarter. Aveo Capital Partners LLC now owns 80,306 shares of the company’s stock worth $13,535,000 after acquiring an additional 31,256 shares during the last quarter. Rollins Financial boosted its holdings in Invesco NASDAQ 100 ETF by 9.8% during the 4th quarter. Rollins Financial now owns 40,425 shares of the company’s stock valued at $6,813,000 after acquiring an additional 3,619 shares during the period. Janney Montgomery Scott LLC grew its position in Invesco NASDAQ 100 ETF by 29.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,555 shares of the company’s stock valued at $3,802,000 after acquiring an additional 5,069 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 50.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,465 shares of the company’s stock worth $753,000 after purchasing an additional 1,502 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.4 %

Shares of QQQM opened at $195.63 on Monday. The firm has a fifty day moving average price of $193.47 and a 200-day moving average price of $188.22. The firm has a market capitalization of $30.42 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.3199 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.28 annualized dividend and a yield of 0.65%.

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.