Invesco NASDAQ 100 ETF $QQQM Stock Holdings Increased by Ieq Capital LLC

Ieq Capital LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,758 shares of the company’s stock after purchasing an additional 12,490 shares during the quarter. Ieq Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $72,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Denver Wealth Management Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 1.2% in the fourth quarter. Denver Wealth Management Inc. now owns 212,334 shares of the company’s stock worth $53,703,000 after purchasing an additional 2,448 shares in the last quarter. Alchemi Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $3,346,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $638,000. Wells Fargo & Company MN lifted its position in shares of Invesco NASDAQ 100 ETF by 23.1% in the fourth quarter. Wells Fargo & Company MN now owns 29,850 shares of the company’s stock worth $7,550,000 after purchasing an additional 5,595 shares in the last quarter. Finally, Beck Capital Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $269,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $297.01 on Friday. The stock’s 50 day moving average price is $280.33 and its 200 day moving average price is $261.51. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21. The company has a market capitalization of $89.16 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

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