StoneX Group Inc. Has $7.04 Million Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

StoneX Group Inc. lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 35,064 shares of the company’s stock after selling 369 shares during the quarter. StoneX Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in 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 purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of 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 in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its holdings in shares of Invesco NASDAQ 100 ETF by 260.2% in 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 buying an additional 1,712,000 shares in the last quarter. Cetera Investment Advisers lifted 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 worth $190,673,000 after buying an additional 879,707 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after buying an additional 754,700 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $208.18 on Friday. The business’s fifty day moving average price is $202.94 and its two-hundred day moving average price is $196.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend 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.