Global Wealth Strategies & Associates Purchases 4,842 Shares of Invesco NASDAQ 100 ETF $QQQM

Global Wealth Strategies & Associates raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 117,650 shares of the company’s stock after purchasing an additional 4,842 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 6.8% of Global Wealth Strategies & Associates’ investment portfolio, making the stock its 3rd biggest position. Global Wealth Strategies & Associates’ holdings in Invesco NASDAQ 100 ETF were worth $35,644,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Invesco Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after purchasing an additional 65,487 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after purchasing an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. grew its stake in Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after purchasing an additional 313,262 shares in the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in Invesco NASDAQ 100 ETF by 5.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after purchasing an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.0%

Shares of QQQM opened at $283.41 on Monday. The business’s 50 day moving average is $294.59 and its two-hundred day moving average is $270.95. Invesco NASDAQ 100 ETF has a 52-week low of $227.00 and a 52-week high of $308.21. The firm has a market cap of $97.11 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given 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 dividend yield of 0.5%.

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.