Invesco NASDAQ 100 ETF $QQQM Position Boosted by Merit Financial Group LLC

Merit Financial Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 80,589 shares of the company’s stock after purchasing an additional 1,612 shares during the period. Merit Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $18,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $90,815,000. Raymond James Financial Inc. grew its stake in Invesco NASDAQ 100 ETF by 23.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after acquiring an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Invesco NASDAQ 100 ETF by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after acquiring an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF by 14.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after acquiring an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after acquiring an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $248.32 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $249.99. The stock’s 50-day moving average is $238.71 and its two-hundred day moving average is $219.08. The stock has a market cap of $63.69 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%.

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.