Q3 Asset Management Takes $2.54 Million Position in Invesco NASDAQ 100 ETF $QQQM

Q3 Asset Management acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,295 shares of the company’s stock, valued at approximately $2,544,000. Invesco NASDAQ 100 ETF comprises 0.9% of Q3 Asset Management’s holdings, making the stock its 17th biggest position.

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

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $257.84 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The firm has a market capitalization of $71.72 billion, a PE ratio of 31.95 and a beta of 1.16. The business’s 50-day simple moving average is $253.62 and its 200-day simple moving average is $244.77.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd.

Invesco NASDAQ 100 ETF Company 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.