RFG Advisory LLC Has $27.57 Million Stake in Invesco NASDAQ 100 ETF $QQQM

RFG Advisory LLC decreased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 70.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,386 shares of the company’s stock after selling 290,313 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 0.6% of RFG Advisory LLC’s portfolio, making the stock its 27th largest position. RFG Advisory LLC owned approximately 0.05% of Invesco NASDAQ 100 ETF worth $27,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $90,815,000. Raymond James Financial Inc. lifted its stake in Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after buying an additional 421,792 shares during the period. Jones Financial Companies Lllp lifted its stake in Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after buying an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after buying an additional 368,544 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after buying an additional 271,551 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 2.1%

NASDAQ:QQQM opened at $247.83 on Tuesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $252.42. The business’s 50-day moving average price is $240.68 and its two-hundred day moving average price is $221.33. The firm has a market capitalization of $63.73 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 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.