SVB Wealth LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SVB Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 32,353 shares of the company’s stock, valued at approximately $5,453,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQM. Clearstead Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $30,000. Wells Fargo & Company MN raised its position in Invesco NASDAQ 100 ETF by 578.0% in the 4th quarter. Wells Fargo & Company MN now owns 278 shares of the company’s stock worth $30,000 after purchasing an additional 237 shares during the period. Salem Investment Counselors Inc. purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $32,000. CVA Family Office LLC purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $34,000. Finally, Pinnacle Bancorp Inc. purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $35,000.

Invesco NASDAQ 100 ETF Stock Up 0.0 %

Shares of NASDAQ:QQQM opened at $177.37 on Wednesday. The stock has a market cap of $22.58 billion, a PE ratio of 35.17 and a beta of 1.28. The company’s fifty day moving average is $180.42 and its 200 day moving average is $167.60. Invesco NASDAQ 100 ETF has a 52 week low of $127.47 and a 52 week high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.3454 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th.

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.