Rakuten Securities Inc. Cuts Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rakuten Securities Inc. cut its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 63.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 594 shares of the company’s stock after selling 1,010 shares during the quarter. Rakuten Securities Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQM. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 26,756.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after purchasing an additional 6,174,281 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Invesco NASDAQ 100 ETF by 13.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after buying an additional 754,700 shares during the last quarter. First Command Advisory Services Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 0.8% in the fourth quarter. First Command Advisory Services Inc. now owns 4,852,917 shares of the company’s stock worth $1,021,296,000 after acquiring an additional 37,600 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its holdings in Invesco NASDAQ 100 ETF by 30.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after acquiring an additional 713,000 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 12.7% during the fourth quarter. Meitav Investment House Ltd. now owns 1,791,275 shares of the company’s stock worth $376,669,000 after acquiring an additional 201,737 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.2 %

Shares of Invesco NASDAQ 100 ETF stock opened at $196.38 on Thursday. The company has a 50 day moving average price of $212.66 and a 200 day moving average price of $207.42. The firm has a market capitalization of $39.00 billion, a P/E ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Dividend Announcement

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