AGP Franklin LLC Sells 6,356 Shares of Invesco NASDAQ 100 ETF $QQQM

AGP Franklin LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 69.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,837 shares of the company’s stock after selling 6,356 shares during the quarter. AGP Franklin LLC’s holdings in Invesco NASDAQ 100 ETF were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQM. Vantagepoint Investment Advisers LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter valued at $538,021,000. Invesco Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 18.8% during the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after acquiring an additional 1,630,000 shares during the period. Soundwatch Capital LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $3,159,000. Finally, Bank of Nova Scotia bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $277,718,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $259.85 on Wednesday. The firm’s 50 day simple moving average is $254.29 and its two-hundred day simple moving average is $246.74. The company has a market capitalization of $73.34 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year 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. Investors of record on Monday, December 22nd were issued a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.