Summit Global Investments Has $318,000 Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Summit Global Investments trimmed its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 82.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,582 shares of the company’s stock after selling 7,219 shares during the period. Summit Global Investments’ holdings in Invesco NASDAQ 100 ETF were worth $318,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in QQQM. Quantbot Technologies LP acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $265,000. Concurrent Investment Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 502.3% in the first quarter. Concurrent Investment Advisors LLC now owns 8,287 shares of the company’s stock worth $1,514,000 after purchasing an additional 6,911 shares during the period. US Bancorp DE boosted its stake in Invesco NASDAQ 100 ETF by 5.4% during the first quarter. US Bancorp DE now owns 79,457 shares of the company’s stock worth $14,516,000 after buying an additional 4,074 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $218,000. Finally, Pettyjohn Wood & White Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $259,000.

Invesco NASDAQ 100 ETF Stock Up 0.1 %

NASDAQ QQQM opened at $211.62 on Monday. Invesco NASDAQ 100 ETF has a twelve month low of $152.05 and a twelve month high of $211.92. The stock has a market cap of $36.06 billion, a P/E ratio of 34.39 and a beta of 1.18. The company’s 50-day simple moving average is $199.45 and its 200 day simple moving average is $194.10.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.57%.

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.