Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Mainstay Capital Management LLC ADV’s 4th Largest Position

Mainstay Capital Management LLC ADV lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,401 shares of the company’s stock after selling 105,130 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 9.5% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 4th biggest holding. Mainstay Capital Management LLC ADV owned 0.15% of Invesco NASDAQ 100 ETF worth $62,378,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QQQM. Calton & Associates Inc. increased its position in Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock worth $490,000 after purchasing an additional 46 shares in the last quarter. Montag A & Associates Inc. increased its position in Invesco NASDAQ 100 ETF by 15.5% during the 4th quarter. Montag A & Associates Inc. now owns 372 shares of the company’s stock worth $78,000 after purchasing an additional 50 shares in the last quarter. Fulcrum Equity Management increased its position in Invesco NASDAQ 100 ETF by 3.3% during the 3rd quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock worth $349,000 after purchasing an additional 56 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock worth $654,000 after purchasing an additional 56 shares in the last quarter. Finally, Proactive Wealth Strategies LLC increased its position in Invesco NASDAQ 100 ETF by 1.4% during the 4th quarter. Proactive Wealth Strategies LLC now owns 4,212 shares of the company’s stock worth $886,000 after purchasing an additional 59 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 2.1 %

Invesco NASDAQ 100 ETF stock opened at $216.61 on Monday. The stock has a 50-day moving average price of $215.48 and a 200 day moving average price of $206.27. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64. The stock has a market cap of $43.01 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

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.