Invesco Ltd. Grows Stake in Invesco NASDAQ 100 ETF $QQQM

Invesco Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,653,647 shares of the company’s stock after purchasing an additional 468,626 shares during the period. Invesco NASDAQ 100 ETF accounts for 0.5% of Invesco Ltd.’s investment portfolio, making the stock its 24th largest holding. Invesco Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $2,947,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. New Millennium Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Bank & Trust Co purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $46,000. Finally, Vestwell Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth approximately $51,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $304.52 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $215.55 and a 1 year high of $308.21. The firm has a market capitalization of $91.41 billion, a PE ratio of 31.95 and a beta of 1.23. The business’s 50 day moving average price is $285.18 and its 200-day moving average price is $262.99.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.