Mutual Advisors LLC Boosts Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Mutual Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,874 shares of the company’s stock after purchasing an additional 1,994 shares during the period. Mutual Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,510,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 1,473.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after purchasing an additional 5,333 shares in the last quarter. Evolution Wealth Management Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 51,972.7% during the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after purchasing an additional 5,717 shares in the last quarter. Boyum Wealth Architects LLC raised its position in shares of Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares during the last quarter. Brookstone Capital Management lifted its stake in Invesco NASDAQ 100 ETF by 49.7% in the 3rd quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after buying an additional 24,904 shares in the last quarter. Finally, Bank Hapoalim BM acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $35,091,000.

Invesco NASDAQ 100 ETF Trading Down 1.2%

NASDAQ:QQQM opened at $256.05 on Friday. The stock has a 50 day moving average of $255.19 and a two-hundred day moving average of $247.23. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The firm has a market cap of $72.68 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd.

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.