Invesco NASDAQ 100 ETF $QQQM Stock Position Raised by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 112,661 shares of the company’s stock after acquiring an additional 9,244 shares during the period. Invesco NASDAQ 100 ETF accounts for about 1.7% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 7th largest position. Thoroughbred Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $27,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. E Fund Management Hong Kong Co. Ltd. increased its position in Invesco NASDAQ 100 ETF by 1,473.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after purchasing an additional 5,333 shares in the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 51,972.7% during the 3rd quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after purchasing an additional 5,717 shares during the last quarter. Boyum Wealth Architects LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Invesco NASDAQ 100 ETF by 49.7% during the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after buying an additional 24,904 shares in the last quarter. Finally, Bank Hapoalim BM acquired a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $35,091,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $250.31 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a market capitalization of $71.80 billion, a PE ratio of 31.95 and a beta of 1.16. The stock has a fifty day moving average of $253.68 and a two-hundred day moving average of $249.47.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 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.