Exchange Traded Concepts LLC Has $16.87 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Exchange Traded Concepts LLC cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 76.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,402 shares of the company’s stock after selling 283,720 shares during the period. Exchange Traded Concepts LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,870,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of QQQM. Montag A & Associates Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 15.5% in the fourth quarter. Montag A & Associates Inc. now owns 372 shares of the company’s stock worth $78,000 after acquiring an additional 50 shares during the last quarter. Proactive Wealth Strategies LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.4% in the fourth quarter. Proactive Wealth Strategies LLC now owns 4,212 shares of the company’s stock worth $886,000 after acquiring an additional 59 shares during the last quarter. Seneca House Advisors raised its holdings in Invesco NASDAQ 100 ETF by 5.2% in the 1st quarter. Seneca House Advisors now owns 1,188 shares of the company’s stock valued at $229,000 after buying an additional 59 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Invesco NASDAQ 100 ETF by 4.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,701 shares of the company’s stock valued at $358,000 after buying an additional 67 shares during the last quarter. Finally, Eagle Strategies LLC raised its holdings in Invesco NASDAQ 100 ETF by 0.8% in the 4th quarter. Eagle Strategies LLC now owns 8,494 shares of the company’s stock valued at $1,788,000 after buying an additional 70 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $216.94 on Friday. The company has a 50 day simple moving average of $202.80 and a 200 day simple moving average of $206.99. The firm has a market cap of $46.28 billion, a PE ratio of 32.67 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.3176 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.