US Bancorp DE Acquires 2,888 Shares of Invesco NASDAQ 100 ETF $QQQM

US Bancorp DE raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 294,755 shares of the company’s stock after acquiring an additional 2,888 shares during the period. US Bancorp DE’s holdings in Invesco NASDAQ 100 ETF were worth $72,840,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cypress Wealth Services LLC boosted its holdings in Invesco NASDAQ 100 ETF by 3.4% during the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after acquiring an additional 41 shares during the period. Base Wealth Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 3.9% during the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after purchasing an additional 43 shares during the period. Twin Peaks Wealth Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after purchasing an additional 43 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after purchasing an additional 46 shares during the last quarter. Finally, Sand Hill Global Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 4.3% in the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after buying an additional 48 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.2%

NASDAQ:QQQM opened at $250.88 on Friday. The firm has a market capitalization of $71.96 billion, a P/E 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. The company has a fifty day moving average of $253.81 and a 200 day moving average of $249.51.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.