MAI Capital Management Buys 7,219 Shares of Invesco NASDAQ 100 ETF $QQQM

MAI Capital Management lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,513 shares of the company’s stock after buying an additional 7,219 shares during the period. MAI Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $15,695,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QQQM. Jackson Hole Capital Partners LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $26,000. New Millennium Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $28,000. Finally, Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000.

Invesco NASDAQ 100 ETF Stock Up 1.4%

NASDAQ:QQQM opened at $253.83 on Thursday. The firm has a market cap of $72.81 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The company’s 50-day moving average price is $253.81 and its two-hundred day moving average price is $249.50.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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