Milestones Private Investment Advisors LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Milestones Private Investment Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,380 shares of the company’s stock, valued at approximately $5,083,000. Invesco NASDAQ 100 ETF accounts for approximately 3.8% of Milestones Private Investment Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding.

Several other hedge funds have also made changes to their positions in the business. Invesco Ltd. increased its stake in Invesco NASDAQ 100 ETF by 18.8% in the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after purchasing an additional 1,715,025 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Invesco NASDAQ 100 ETF by 73.1% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after buying an additional 1,630,000 shares during the period. Soundwatch Capital LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $3,159,000. Bank of Nova Scotia acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $277,718,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $272,520,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $252.57 on Monday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The firm has a 50 day moving average price of $252.63 and a 200 day moving average price of $239.19. The company has a market cap of $66.15 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

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

About Invesco NASDAQ 100 ETF

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.