Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Stephens Consulting LLC

Stephens Consulting LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,572 shares of the company’s stock after buying an additional 721 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.0% of Stephens Consulting LLC’s investment portfolio, making the stock its 17th largest holding. Stephens Consulting LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,218,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $90,815,000. Raymond James Financial Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after acquiring an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after acquiring an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $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 shares of Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after acquiring an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 3.5%

Shares of QQQM stock opened at $242.67 on Monday. The firm has a fifty day moving average price of $240.37 and a 200 day moving average price of $220.94. The company has a market cap of $62.41 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid 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.