Modus Advisors LLC Cuts Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Modus Advisors LLC lowered its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,602 shares of the company’s stock after selling 433 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 4.5% of Modus Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Modus Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,227,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after buying an additional 7,317,531 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its stake in Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after acquiring an additional 754,700 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in shares of Invesco NASDAQ 100 ETF by 260.2% during the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after acquiring an additional 1,712,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 19.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after purchasing an additional 283,257 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM traded up $1.04 during trading hours on Friday, hitting $211.09. The company’s stock had a trading volume of 667,175 shares, compared to its average volume of 1,831,813. The firm’s fifty day moving average price is $210.82 and its 200 day moving average price is $201.48. Invesco NASDAQ 100 ETF has a 52 week low of $162.74 and a 52 week high of $221.92. The company has a market capitalization of $35.97 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

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.