Vantagepoint Investment Advisers LLC Invests $538.02 Million in Invesco NASDAQ 100 ETF $QQQM

Vantagepoint Investment Advisers LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,177,166 shares of the company’s stock, valued at approximately $538,021,000. Invesco NASDAQ 100 ETF comprises approximately 4.4% of Vantagepoint Investment Advisers LLC’s investment portfolio, making the stock its biggest holding. Vantagepoint Investment Advisers LLC owned about 0.83% of Invesco NASDAQ 100 ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Invesco Ltd. lifted its position 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 buying an additional 1,715,025 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased 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 purchasing an additional 1,630,000 shares during the last quarter. Soundwatch Capital LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $3,159,000. Bank of Nova Scotia purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $277,718,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $272,520,000.

Invesco NASDAQ 100 ETF Trading Up 0.3%

QQQM opened at $256.40 on Friday. The stock’s 50-day moving average price is $253.82 and its 200 day moving average price is $246.19. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The firm has a market cap of $72.46 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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