Gateway Wealth Partners LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Gateway Wealth Partners LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 764.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,588 shares of the company’s stock after buying an additional 33,240 shares during the period. Gateway Wealth Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after purchasing an additional 3,005,140 shares in the last quarter. Principia Wealth Advisory LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 1,615.9% during the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock worth $241,488,000 after buying an additional 899,154 shares during the period. Bouchey Financial Group Ltd lifted its position in Invesco NASDAQ 100 ETF by 68,507.2% during the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after acquiring an additional 587,107 shares during the period. Meitav Investment House Ltd. grew its stake in Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after purchasing an additional 520,102 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Invesco NASDAQ 100 ETF by 62.9% during the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock valued at $325,458,000 after purchasing an additional 497,004 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $281.68 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21. The firm has a market capitalization of $96.09 billion, a PE ratio of 31.95 and a beta of 1.22. The stock’s 50-day simple moving average is $295.92 and its 200-day simple moving average is $270.17.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%.

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.