Invesco NASDAQ 100 ETF $QQQM Shares Bought by Fusion Family Wealth LLC

Fusion Family Wealth LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,278 shares of the company’s stock after acquiring an additional 6,913 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 2.8% of Fusion Family Wealth LLC’s investment portfolio, making the stock its 13th biggest position. Fusion Family Wealth LLC owned approximately 0.05% of Invesco NASDAQ 100 ETF worth $37,848,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its position in Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after purchasing an additional 468,626 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after buying an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the 4th 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 in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 11.9% in the fourth quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after buying an additional 313,262 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after buying an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.1%

Shares of QQQM stock opened at $296.31 on Wednesday. The stock has a 50-day simple moving average of $296.41 and a 200 day simple moving average of $268.26. The stock has a market capitalization of $99.78 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.