PNC Financial Services Group Inc. Sells 22,765 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

PNC Financial Services Group Inc. lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,585,832 shares of the company’s stock after selling 22,765 shares during the quarter. PNC Financial Services Group Inc. owned about 1.30% of Invesco NASDAQ 100 ETF worth $544,188,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000. Kieckhefer Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $32,000. Blue Trust Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $49,000. Finally, Hobbs Group Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 257.1% in the 3rd quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after purchasing an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.7 %

QQQM stock opened at $202.50 on Friday. The business’s fifty day moving average is $213.61 and its 200-day moving average is $207.39. The company has a market cap of $40.21 billion, a P/E ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Announces Dividend

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

Invesco NASDAQ 100 ETF 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.