Greenwich Wealth Management LLC Has $732,000 Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Greenwich Wealth Management LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,643 shares of the company’s stock after selling 274 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after buying an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the second 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 last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its position 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 worth $476,014,000 after purchasing an additional 1,712,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after buying an additional 283,257 shares during the period. Finally, Meitav Investment House Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 25.7% in the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock valued at $319,132,000 after buying an additional 324,887 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded up $1.47 during trading on Friday, reaching $200.60. The stock had a trading volume of 1,574,496 shares, compared to its average volume of 1,830,263. Invesco NASDAQ 100 ETF has a 52 week low of $148.25 and a 52 week high of $207.24. The firm’s fifty day moving average is $198.29 and its 200 day moving average is $192.83. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.60%.

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.