Salem Investment Counselors Inc. Reduces Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Salem Investment Counselors Inc. lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,806 shares of the company’s stock after selling 70 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $801,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. National Mutual Insurance Federation of Agricultural Cooperatives grew its position in Invesco NASDAQ 100 ETF by 260.2% during the third 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 period. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco NASDAQ 100 ETF by 13.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after acquiring an additional 754,700 shares during the period. Main Management Fund Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $65,598,000. Meitav Investment House Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 25.7% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock valued at $319,132,000 after acquiring an additional 324,887 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco NASDAQ 100 ETF by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $208.14 on Tuesday. The stock has a market cap of $38.40 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock’s fifty day moving average is $212.12 and its 200 day moving average is $202.21. Invesco NASDAQ 100 ETF has a one year low of $165.86 and a one year high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 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.