Goldman Sachs Group Inc. Trims Stake in Invesco NASDAQ 100 ETF $QQQM

Goldman Sachs Group Inc. reduced its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 493,966 shares of the company’s stock after selling 25,624 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $124,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. New Millennium Group LLC raised its position in Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Imprint Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Finally, Bank & Trust Co purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $46,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $294.81 on Tuesday. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21. The firm has a market capitalization of $88.50 billion, a P/E ratio of 31.95 and a beta of 1.23. The company’s 50-day moving average is $275.73 and its 200 day moving average is $260.26.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF 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.