Texas Capital Bank Wealth Management Services Inc Makes New $1.61 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,383 shares of the company’s stock, valued at approximately $1,614,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in Invesco NASDAQ 100 ETF by 3.2% during the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock worth $2,764,042,000 after buying an additional 350,190 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its position in Invesco NASDAQ 100 ETF by 0.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock worth $959,484,000 after buying an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 6.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock worth $889,313,000 after buying an additional 231,965 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives grew its position in Invesco NASDAQ 100 ETF by 5.1% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after buying an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.1%

Shares of QQQM opened at $300.38 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $210.80 and a twelve month high of $301.82. The firm has a market capitalization of $90.17 billion, a P/E ratio of 31.95 and a beta of 1.21. The firm’s 50-day moving average is $266.19 and its two-hundred day moving average is $257.44.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.3277 dividend. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

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.