PNC Financial Services Group Inc. Has $544.19 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

PNC Financial Services Group Inc. lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,585,832 shares of the company’s stock after selling 22,765 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $544,188,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF by 793.0% during the 4th quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock worth $16,021,000 after buying an additional 67,604 shares during the period. Assetmark Inc. increased its holdings in Invesco NASDAQ 100 ETF by 60.8% during the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after purchasing an additional 284 shares in the last quarter. HighTower Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 26.4% during the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock worth $9,107,000 after purchasing an additional 9,469 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Invesco NASDAQ 100 ETF by 9,318.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock worth $303,000 after purchasing an additional 1,491 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Invesco NASDAQ 100 ETF by 2,926.5% during the 3rd quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock worth $4,208,000 after purchasing an additional 20,310 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.7 %

QQQM stock opened at $202.50 on Friday. The stock has a 50-day moving average price of $213.61 and a two-hundred day moving average price of $207.39. The stock has a market cap of $40.21 billion, a PE ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $169.96 and a 1 year high of $222.64.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.3103 per share. 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.