Invesco NASDAQ 100 ETF $QQQM Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 95.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,004 shares of the company’s stock after selling 239,848 shares during the period. Thrivent Financial for Lutherans’ holdings in Invesco NASDAQ 100 ETF were worth $2,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bison Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock worth $76,000 after buying an additional 185 shares in the last quarter. Quantbot Technologies LP acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $224,000. Finally, SVB Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $95,000.

Invesco NASDAQ 100 ETF Trading Up 0.3%

QQQM stock opened at $254.93 on Tuesday. The firm has a 50-day moving average of $252.98 and a two-hundred day moving average of $240.72. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The company has a market cap of $66.77 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be issued a $0.323 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd.

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.