MML Investors Services LLC Reduces Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

MML Investors Services LLC lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 439,316 shares of the company’s stock after selling 64,725 shares during the period. MML Investors Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $111,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bright Futures Wealth Management LLC. acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $617,000. Bank of New York Mellon Corp boosted its stake in Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after buying an additional 62,705 shares during the last quarter. Blue Edge Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after buying an additional 5,309 shares during the last quarter. EdgeRock Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.5% in the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after buying an additional 3,809 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 34.7% in the 4th quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock worth $21,683,000 after buying an additional 22,077 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $297.01 on Monday. The stock’s 50-day moving average price is $280.33 and its two-hundred day moving average price is $261.60. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The firm has a market cap of $89.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.