Invesco NASDAQ 100 ETF $QQQM Shares Sold by Banco Santander S.A.

Banco Santander S.A. cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 417,000 shares of the company’s stock after selling 8,120 shares during the period. Invesco NASDAQ 100 ETF makes up about 0.8% of Banco Santander S.A.’s holdings, making the stock its 21st largest position. Banco Santander S.A.’s holdings in Invesco NASDAQ 100 ETF were worth $105,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Beck Capital Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth $269,000. Asset Allocation Strategies LLC raised its stake in Invesco NASDAQ 100 ETF by 0.7% during the 4th quarter. Asset Allocation Strategies LLC now owns 98,969 shares of the company’s stock worth $25,031,000 after acquiring an additional 690 shares in the last quarter. Wealthspire Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 25.2% during the 4th quarter. Wealthspire Advisors LLC now owns 849 shares of the company’s stock worth $215,000 after acquiring an additional 171 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 934,161 shares of the company’s stock valued at $236,267,000 after acquiring an additional 45,254 shares during the period. Finally, Douglass Winthrop Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $1,050,000.

Invesco NASDAQ 100 ETF Trading Up 0.7%

NASDAQ:QQQM opened at $297.01 on Friday. The firm has a market cap of $89.16 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock’s 50 day simple moving average is $280.33 and its 200-day simple moving average is $261.51. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%.

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.