Migdal Insurance & Financial Holdings Ltd. Has $20.27 Million Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,913 shares of the company’s stock after selling 5,354 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.06% of Invesco NASDAQ 100 ETF worth $20,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. increased its holdings in shares of 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 buying an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC raised its stake in Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after buying an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in Invesco NASDAQ 100 ETF by 260.2% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after buying an additional 1,712,000 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco NASDAQ 100 ETF by 536.4% during the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after acquiring an additional 879,707 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth $87,237,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded up $0.27 during midday trading on Friday, hitting $211.62. 1,311,061 shares of the company traded hands, compared to its average volume of 1,828,559. The firm has a 50 day moving average of $199.45 and a 200-day moving average of $194.10. The stock has a market cap of $36.06 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $152.05 and a 52 week high of $211.92.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%.

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.