Invesco NASDAQ 100 ETF $QQQM is New Perspectives Inc’s 7th Largest Position

New Perspectives Inc lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,221 shares of the company’s stock after purchasing an additional 2,604 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 3.1% of New Perspectives Inc’s holdings, making the stock its 7th largest position. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $10,065,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $25,000. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $31,000. Investors Research Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $38,000. Versant Capital Management Inc bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $41,000. Finally, Owl Creek Wealth Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 545.5% in the second quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock valued at $43,000 after acquiring an additional 120 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.2%

Shares of NASDAQ:QQQM opened at $301.41 on Friday. The company has a 50 day moving average of $293.38 and a 200 day moving average of $273.55. The stock has a market cap of $103.46 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

Invesco NASDAQ 100 ETF Company 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.