Envestnet Asset Management Inc. Has $1.85 Billion Stake in Invesco NASDAQ 100 ETF $QQQM

Envestnet Asset Management Inc. decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,486,858 shares of the company’s stock after selling 114,417 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,850,152,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 1,473.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after acquiring an additional 5,333 shares during the period. Evolution Wealth Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 51,972.7% in the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock valued at $1,416,000 after purchasing an additional 5,717 shares in the last quarter. Boyum Wealth Architects LLC increased its stake in Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after purchasing an additional 2,523 shares in the last quarter. Brookstone Capital Management raised its holdings in Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after purchasing an additional 24,904 shares during the period. Finally, Bank Hapoalim BM bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth $35,091,000.

Invesco NASDAQ 100 ETF Stock Down 1.6%

Shares of QQQM stock opened at $253.81 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The firm has a fifty day moving average of $255.42 and a 200-day moving average of $247.71. The firm has a market capitalization of $72.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.