Bank of Nova Scotia Reduces Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Bank of Nova Scotia lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 56.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 533,537 shares of the company’s stock after selling 689,353 shares during the quarter. Bank of Nova Scotia’s holdings in Invesco NASDAQ 100 ETF were worth $131,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QQQM. Anchor Investment Management LLC raised its position in Invesco NASDAQ 100 ETF by 5.0% during the third quarter. Anchor Investment Management LLC now owns 42,072 shares of the company’s stock worth $10,397,000 after acquiring an additional 2,002 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 22.4% in the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after purchasing an additional 422,032 shares in the last quarter. Creative Planning grew its position in shares of Invesco NASDAQ 100 ETF by 10.6% in the third quarter. Creative Planning now owns 75,350 shares of the company’s stock valued at $18,620,000 after purchasing an additional 7,207 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 178.7% during the 3rd quarter. AQR Capital Management LLC now owns 126,926 shares of the company’s stock worth $31,366,000 after purchasing an additional 81,390 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 5.1% during the 3rd quarter. Ancora Advisors LLC now owns 88,123 shares of the company’s stock worth $21,777,000 after purchasing an additional 4,253 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $244.45 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The company has a market capitalization of $70.12 billion, a P/E ratio of 31.95 and a beta of 1.16. The business has a 50 day moving average price of $252.49 and a 200 day moving average price of $250.59.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%.

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.