Invesco Ltd. Purchases 1,715,025 Shares of Invesco NASDAQ 100 ETF $QQQM

Invesco Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,834,831 shares of the company’s stock after acquiring an additional 1,715,025 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 0.4% of Invesco Ltd.’s investment portfolio, making the stock its 25th biggest position. Invesco Ltd. owned about 4.52% of Invesco NASDAQ 100 ETF worth $2,460,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in QQQM. Pflug Koory LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $32,000. PrairieView Partners LLC grew its holdings in Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after buying an additional 132 shares in the last quarter. ROSS JOHNSON & Associates LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $42,000. Rosenberg Matthew Hamilton bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $43,000. Finally, AlphaCore Capital LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 850.0% in the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock worth $43,000 after buying an additional 170 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $256.09 on Wednesday. The firm has a market cap of $67.07 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The firm has a fifty day moving average price of $251.05 and a 200 day moving average price of $236.69. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 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.