Main Management Fund Advisors LLC Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

Main Management Fund Advisors LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 429,200 shares of the company’s stock after purchasing an additional 86,400 shares during the quarter. Invesco NASDAQ 100 ETF makes up 9.9% of Main Management Fund Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Main Management Fund Advisors LLC owned approximately 0.15% of Invesco NASDAQ 100 ETF worth $108,553,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Garner Asset Management Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $25,000. New Millennium Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000. Finally, Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $46,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $303.96 on Monday. The firm has a market cap of $91.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a fifty-two week low of $210.80 and a fifty-two week high of $305.33. The firm has a fifty day moving average price of $268.46 and a two-hundred day moving average price of $258.14.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%.

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.