Vestmark Advisory Solutions Inc. Grows Position in Invesco NASDAQ 100 ETF $QQQM

Vestmark Advisory Solutions Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 70.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,109 shares of the company’s stock after purchasing an additional 17,800 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $10,653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vantagepoint Investment Advisers LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $538,021,000. Invesco Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 18.8% during the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after acquiring an additional 1,715,025 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Invesco NASDAQ 100 ETF by 73.1% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after acquiring an additional 1,630,000 shares in the last quarter. Soundwatch Capital LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth $3,159,000. Finally, Bank of Nova Scotia purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $277,718,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $250.67 on Friday. The business’s fifty day moving average is $253.78 and its 200 day moving average is $249.17. The firm has a market cap of $71.90 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF 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.