Raymond James & Associates Buys 33,818 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Raymond James & Associates increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 354,172 shares of the company’s stock after buying an additional 33,818 shares during the period. Raymond James & Associates owned 0.28% of Invesco NASDAQ 100 ETF worth $64,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. M&R Capital Management Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at approximately $28,000. Clearstead Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $30,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $32,000. Larson Financial Group LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 120.5% during the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 106 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $34,000.

Invesco NASDAQ 100 ETF Trading Up 2.0 %

NASDAQ:QQQM traded up $3.55 during mid-day trading on Friday, reaching $179.20. The company’s stock had a trading volume of 1,944,793 shares, compared to its average volume of 1,832,171. The stock has a market cap of $23.24 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm’s fifty day moving average price is $179.65 and its two-hundred day moving average price is $169.75. Invesco NASDAQ 100 ETF has a 12-month low of $129.60 and a 12-month high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.3454 per share. The ex-dividend date was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a yield of 0.77%.

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.