Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 100,913 shares of the company’s stock after selling 5,354 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $20,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cutter & CO Brokerage Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock valued at $624,000 after buying an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after purchasing an additional 66 shares during the last quarter. Northstar Group Inc. grew its holdings in Invesco NASDAQ 100 ETF by 5.4% in the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the period. Zhang Financial LLC grew its stake in Invesco NASDAQ 100 ETF by 2.8% during the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after buying an additional 70 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after buying an additional 74 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded up $0.27 during trading on Friday, hitting $211.62. The company had a trading volume of 1,311,061 shares, compared to its average volume of 1,828,559. The company has a market cap of $36.06 billion, a PE ratio of 34.39 and a beta of 1.18. The business has a 50-day moving average of $199.45 and a 200-day moving average of $194.10. Invesco NASDAQ 100 ETF has a 1-year low of $152.05 and a 1-year high of $211.92.

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Monday, September 23rd.

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.