Norris Financial Group LLC Acquires New Stake in Invesco NASDAQ 100 ETF $QQQM

Norris Financial Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,878 shares of the company’s stock, valued at approximately $3,298,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Migdal Insurance & Financial Holdings Ltd. raised its position in 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 valued at $783,561,000 after buying an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 1,615.9% in the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after purchasing an additional 899,154 shares during the last quarter. Bouchey Financial Group Ltd raised its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% in the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after purchasing an additional 587,107 shares during the last quarter. Meitav Investment House Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 25.3% in the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after purchasing an additional 520,102 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Invesco NASDAQ 100 ETF by 62.9% during the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after purchasing an additional 497,004 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 3.2%

Shares of QQQM stock opened at $281.35 on Friday. The firm’s fifty day moving average price is $294.83 and its two-hundred day moving average price is $270.77. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The firm has a market capitalization of $96.25 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.