PNC Financial Services Group Inc. Reduces Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

PNC Financial Services Group Inc. trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,608,597 shares of the company’s stock after selling 7,155 shares during the period. PNC Financial Services Group Inc. owned about 1.53% of Invesco NASDAQ 100 ETF worth $523,937,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vance Wealth Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% during the third quarter. Vance Wealth Inc. now owns 32,061 shares of the company’s stock worth $6,439,000 after purchasing an additional 391 shares during the last quarter. Lowery Thomas LLC boosted its stake in Invesco NASDAQ 100 ETF by 6.7% in the 3rd quarter. Lowery Thomas LLC now owns 47,294 shares of the company’s stock worth $9,498,000 after buying an additional 2,959 shares during the last quarter. Prospera Financial Services Inc grew its holdings in Invesco NASDAQ 100 ETF by 79.3% in the 3rd quarter. Prospera Financial Services Inc now owns 20,632 shares of the company’s stock valued at $4,148,000 after buying an additional 9,123 shares during the period. Pathstone Holdings LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 16.0% during the 3rd quarter. Pathstone Holdings LLC now owns 11,200 shares of the company’s stock valued at $2,250,000 after acquiring an additional 1,545 shares during the last quarter. Finally, Spectrum Wealth Advisory Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $14,000,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $205.80 on Tuesday. The firm has a market capitalization of $35.07 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $157.44 and a one year high of $212.19. The company has a 50 day moving average price of $201.39 and a 200 day moving average price of $195.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Monday, September 23rd.

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.