Moors & Cabot Inc. Sells 2,027 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Moors & Cabot Inc. decreased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 53.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,752 shares of the company’s stock after selling 2,027 shares during the quarter. Moors & Cabot Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $352,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in Invesco NASDAQ 100 ETF by 1,650.6% during the second 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 last quarter. Strategic Financial Concepts LLC lifted its position 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 buying an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in Invesco NASDAQ 100 ETF by 260.2% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after buying an additional 1,712,000 shares in the last quarter. Cetera Investment Advisers boosted its stake in Invesco NASDAQ 100 ETF by 536.4% in the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after buying an additional 879,707 shares in the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. bought a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $87,237,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $208.18 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19. The firm has a market cap of $35.48 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm has a 50 day moving average price of $202.94 and a 200-day moving average price of $196.18.

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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.58%. The ex-dividend date was Monday, September 23rd.

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.