Invesco NASDAQ 100 ETF $QQQM is Frank Rimerman Advisors LLC’s 9th Largest Position

Frank Rimerman Advisors LLC trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 139,314 shares of the company’s stock after selling 119,101 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 2.2% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 9th largest holding. Frank Rimerman Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $35,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of QQQM. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $538,021,000. Invesco Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after acquiring an additional 1,715,025 shares during the period. Bank of Nova Scotia acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $277,718,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Invesco NASDAQ 100 ETF by 4,547.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock worth $228,467,000 after purchasing an additional 904,626 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Invesco NASDAQ 100 ETF by 25.9% during the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after purchasing an additional 469,957 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 3.4%

Shares of NASDAQ:QQQM opened at $237.62 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The company has a 50-day moving average price of $248.77 and a 200 day moving average price of $250.96. The company has a market cap of $68.16 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.6%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.