Parallel Advisors LLC Raises Stock Position in Invesco NASDAQ 100 ETF $QQQM

Parallel Advisors LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 286.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,830 shares of the company’s stock after buying an additional 3,580 shares during the period. Parallel Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garner Asset Management Corp purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $25,000. Imprint Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. SJS Investment Consulting Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $40,000. Osbon Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $41,000. Finally, Signature Equity Partners LLC lifted its position in Invesco NASDAQ 100 ETF by 19,600.0% in the first quarter. Signature Equity Partners LLC now owns 197 shares of the company’s stock valued at $47,000 after buying an additional 196 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $297.70 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21. The stock has a market cap of $102.19 billion, a PE ratio of 31.95 and a beta of 1.23. The firm has a 50-day simple moving average of $294.00 and a two-hundred day simple moving average of $272.19.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.