One Capital Management LLC Trims Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

One Capital Management LLC decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 45.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,789 shares of the company’s stock after selling 22,883 shares during the quarter. One Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after acquiring an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC raised its holdings in 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 Invesco NASDAQ 100 ETF by 536.4% during the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after purchasing an additional 879,707 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $87,237,000. Finally, Cetera Advisor Networks LLC grew its holdings in Invesco NASDAQ 100 ETF by 136.7% during the fourth quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock valued at $125,966,000 after purchasing an additional 431,616 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.4 %

NASDAQ QQQM opened at $195.63 on Monday. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The company has a market capitalization of $30.42 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock’s 50-day moving average price is $193.47 and its 200-day moving average price is $188.22.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.3199 dividend. This represents a $1.28 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Monday, June 24th.

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.