Janney Montgomery Scott LLC Has $31.07 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Janney Montgomery Scott LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,761 shares of the company’s stock after buying an additional 20,761 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco NASDAQ 100 ETF were worth $31,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth about $25,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Osbon Capital Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $41,000. Bank & Trust Co acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $46,000. Finally, Monetary Solutions Ltd bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $50,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $298.05 on Tuesday. The stock’s 50-day moving average is $290.91 and its 200 day moving average is $264.98. Invesco NASDAQ 100 ETF has a one year low of $224.19 and a one year high of $308.21. The firm has a market cap of $89.47 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

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