New Perspectives Inc Acquires 4,277 Shares of Invesco NASDAQ 100 ETF $QQQM

New Perspectives Inc lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,617 shares of the company’s stock after buying an additional 4,277 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 2.5% of New Perspectives Inc’s investment portfolio, making the stock its 10th largest holding. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $7,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. Bright Futures Wealth Management LLC. acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $617,000. Nicholas Wealth LLC. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $1,164,000. Bank of New York Mellon Corp lifted its holdings in shares of Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after purchasing an additional 62,705 shares during the last quarter. Blue Edge Capital LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after purchasing an additional 5,309 shares during the last quarter. Finally, EdgeRock Capital LLC boosted its position in Invesco NASDAQ 100 ETF by 2.5% during the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after purchasing an additional 3,809 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.8%

Shares of NASDAQ:QQQM opened at $294.88 on Friday. The company has a market cap of $88.52 billion, a PE ratio of 31.95 and a beta of 1.23. The company’s 50-day moving average price is $289.66 and its 200 day moving average price is $264.45. Invesco NASDAQ 100 ETF has a fifty-two week low of $222.90 and a fifty-two week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.3522 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $1.41 annualized dividend and a yield of 0.5%.

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.