PNC Financial Services Group Inc. Has $572.65 Million Stake in Invesco NASDAQ 100 ETF $QQQM

PNC Financial Services Group Inc. trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,264,161 shares of the company’s stock after selling 83,899 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $572,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $25,000. New Millennium Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Imprint Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Finally, Bank & Trust Co bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth $46,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $288.84 on Wednesday. Invesco NASDAQ 100 ETF has a 52-week low of $208.18 and a 52-week high of $297.29. The company has a market capitalization of $86.70 billion, a P/E ratio of 31.95 and a beta of 1.21. The company has a 50-day simple moving average of $260.36 and a 200 day simple moving average of $255.75.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.5%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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