Prudential PLC Purchases Shares of 97,500 Invesco NASDAQ 100 ETF $QQQM

Prudential PLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 97,500 shares of the company’s stock, valued at approximately $24,660,000.

Several other large investors have also added to or reduced their stakes in the company. Avaii Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after purchasing an additional 40 shares in the last quarter. Archer Investment Corp lifted its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after buying an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after buying an additional 47 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 23.1% in the third quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock worth $66,000 after buying an additional 50 shares in the last quarter. Finally, Longview Financial Advisors Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.5% in the fourth quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock worth $248,000 after buying an additional 51 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $304.94 on Friday. Invesco NASDAQ 100 ETF has a one year low of $215.26 and a one year high of $308.21. The company’s fifty day moving average price is $273.60 and its 200-day moving average price is $259.62. The company has a market capitalization of $91.54 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders 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.

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.