Harbour Investments Inc. Has $7.25 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Harbour Investments Inc. boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 79.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,667 shares of the company’s stock after buying an additional 12,702 shares during the quarter. Harbour Investments Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,250,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MSH Capital Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 12.2% during the fourth quarter. MSH Capital Advisors LLC now owns 3,173 shares of the company’s stock worth $803,000 after purchasing an additional 346 shares during the last quarter. Rooted Wealth Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 18.0% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 43,343 shares of the company’s stock valued at $10,809,000 after purchasing an additional 6,626 shares during the last quarter. Sandy Cove Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $2,928,000. Atticus Wealth Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $227,000. Finally, First National Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $349,000.

Invesco NASDAQ 100 ETF Stock Up 1.8%

Shares of QQQM stock opened at $300.68 on Wednesday. The business has a fifty day simple moving average of $265.13 and a 200 day simple moving average of $257.10. The company has a market cap of $90.26 billion, a P/E ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a twelve month low of $210.80 and a twelve month high of $301.05.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco NASDAQ 100 ETF Company 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.