Invesco NASDAQ 100 ETF $QQQM Stock Position Boosted by Cabana LLC

Cabana LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 80.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,031 shares of the company’s stock after buying an additional 3,582 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 15.2% of Cabana LLC’s portfolio, making the stock its 2nd biggest position. Cabana LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of QQQM. Bison Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC raised its stake in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. boosted its stake in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares during the period. Empowered Funds LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $268.22 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $187.70 and a 1-year high of $270.44. The stock has a market cap of $79.74 billion, a PE ratio of 31.95 and a beta of 1.19. The firm has a 50-day simple moving average of $249.04 and a two-hundred day simple moving average of $251.95.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.