Envestnet Portfolio Solutions Inc. Sells 6,381 Shares of Invesco NASDAQ 100 ETF $QQQM

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 40.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,301 shares of the company’s stock after selling 6,381 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,298,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. 3EDGE Asset Management LP bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $9,925,000. Parkside Financial Bank & Trust acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $82,000. Facet Wealth Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 5.2% during the 3rd quarter. Facet Wealth Inc. now owns 1,246 shares of the company’s stock worth $308,000 after buying an additional 62 shares during the period. Nadler Financial Group Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 455.0% during the 3rd quarter. Nadler Financial Group Inc. now owns 7,315 shares of the company’s stock worth $1,808,000 after buying an additional 5,997 shares during the period. Finally, Ridgewood Investments LLC grew its stake in Invesco NASDAQ 100 ETF by 15.7% in the 3rd quarter. Ridgewood Investments LLC now owns 1,334 shares of the company’s stock valued at $330,000 after buying an additional 181 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.4%

Invesco NASDAQ 100 ETF stock opened at $257.54 on Tuesday. The company’s 50-day moving average price is $254.00 and its two-hundred day moving average price is $246.51. The stock has a market cap of $72.78 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd.

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.