Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.2% in the second quarter, Holdings Channel reports. The institutional investor owned 987,227 shares of the company’s stock after acquiring an additional 57,819 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco NASDAQ 100 ETF were worth $194,592,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QQQM. International Assets Investment Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $388,000. GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake in shares of Invesco NASDAQ 100 ETF by 1,412.7% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 116,935 shares of the company’s stock worth $19,708,000 after acquiring an additional 109,205 shares in the last quarter. Truist Financial Corp grew its stake in shares of Invesco NASDAQ 100 ETF by 20.5% in the fourth quarter. Truist Financial Corp now owns 127,231 shares of the company’s stock worth $21,444,000 after acquiring an additional 21,617 shares in the last quarter. Paradigm Financial Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 12.7% in the fourth quarter. Paradigm Financial Partners LLC now owns 20,726 shares of the company’s stock worth $3,493,000 after acquiring an additional 2,330 shares in the last quarter. Finally, RiverFront Investment Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 0.9% during the 4th quarter. RiverFront Investment Group LLC now owns 15,999 shares of the company’s stock worth $2,696,000 after purchasing an additional 141 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock traded down $1.90 during trading on Monday, hitting $195.63. 1,935,213 shares of the stock were exchanged, compared to its average volume of 1,800,537. The stock has a market cap of $30.42 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm’s 50-day moving average price is $195.52 and its 200 day moving average price is $186.75. 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 declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%.

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.