Vermillion Wealth Management Inc. Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Vermillion Wealth Management Inc. boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13,950.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 562 shares of the company’s stock after acquiring an additional 558 shares during the period. Vermillion Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at $90,815,000. Raymond James Financial Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after buying an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Invesco NASDAQ 100 ETF by 48.1% during the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after buying an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after buying an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in Invesco NASDAQ 100 ETF by 88.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after buying an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.4%

NASDAQ:QQQM opened at $245.37 on Monday. The stock has a market cap of $58.83 billion, a P/E ratio of 31.95 and a beta of 1.18. The business’s 50-day moving average price is $237.14 and its two-hundred day moving average price is $217.47. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $248.17.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 annualized dividend and a yield of 0.5%.

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.