Invesco NASDAQ 100 ETF $QQQM Holdings Lifted by Meitav Investment House Ltd.

Meitav Investment House Ltd. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,853,672 shares of the company’s stock after acquiring an additional 81,933 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 6.4% of Meitav Investment House Ltd.’s portfolio, making the stock its 2nd biggest position. Meitav Investment House Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $421,211,000 at the end of the most recent quarter.

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

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $250.17 on Tuesday. The stock has a market cap of $64.19 billion, a P/E ratio of 31.95 and a beta of 1.18. The firm has a fifty day moving average price of $239.03 and a 200 day moving average price of $219.60. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $250.85.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis 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.