Rovin Capital UT ADV Purchases 28,046 Shares of Invesco NASDAQ 100 ETF $QQQM

Rovin Capital UT ADV lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 103.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,177 shares of the company’s stock after buying an additional 28,046 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 3.8% of Rovin Capital UT ADV’s portfolio, making the stock its 5th largest position. Rovin Capital UT ADV’s holdings in Invesco NASDAQ 100 ETF were worth $12,531,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at $90,815,000. Raymond James Financial Inc. raised its holdings in Invesco NASDAQ 100 ETF by 23.7% in the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after buying an additional 421,792 shares during the period. Jones Financial Companies Lllp lifted its position in Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after buying an additional 410,340 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after acquiring an additional 368,544 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in shares of Invesco NASDAQ 100 ETF by 88.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after acquiring an additional 271,551 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $251.83 on Friday. The firm has a market cap of $65.96 billion, a P/E ratio of 31.95 and a beta of 1.16. The firm’s 50 day moving average price is $247.23 and its 200-day moving average price is $229.71. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend and a yield of 0.5%.

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.