Mizuho Bank Ltd. Makes New $272.52 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Mizuho Bank Ltd. bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,200,000 shares of the company’s stock, valued at approximately $272,520,000. Invesco NASDAQ 100 ETF accounts for approximately 26.8% of Mizuho Bank Ltd.’s investment portfolio, making the stock its largest holding. Mizuho Bank Ltd. owned approximately 0.50% of Invesco NASDAQ 100 ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of QQQM. Russell Investments Group Ltd. raised its position in Invesco NASDAQ 100 ETF by 87.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 739 shares of the company’s stock worth $168,000 after buying an additional 345 shares during the last quarter. Maia Wealth LLC raised its holdings in Invesco NASDAQ 100 ETF by 104.7% during the second quarter. Maia Wealth LLC now owns 9,020 shares of the company’s stock worth $2,048,000 after purchasing an additional 4,613 shares in the last quarter. Correct Capital Wealth Management lifted its position in Invesco NASDAQ 100 ETF by 1.4% in the second quarter. Correct Capital Wealth Management now owns 6,601 shares of the company’s stock valued at $1,499,000 after purchasing an additional 94 shares during the period. Richmond Investment Services LLC acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at about $333,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 146.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 29,926 shares of the company’s stock valued at $6,796,000 after purchasing an additional 17,767 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.9%

NASDAQ QQQM opened at $252.92 on Thursday. The business’s 50 day moving average is $250.41 and its two-hundred day moving average is $235.35. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The stock has a market capitalization of $66.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid 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 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.