GUNN & Co INVESTMENT MANAGEMENT INC. Has $19.71 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Defense World Staff on May 5th, 2024

GUNN & Co INVESTMENT MANAGEMENT INC. raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 1,412.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 116,935 shares of the company’s stock after buying an additional 109,205 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Invesco NASDAQ 100 ETF were worth $19,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QQQM. Clearstead Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $30,000. CVA Family Office LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $34,000. Addison Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $36,000. FinTrust Capital Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $42,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $42,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $179.20 on Friday. Invesco NASDAQ 100 ETF has a one year low of $129.60 and a one year high of $184.88. The firm has a market cap of $23.24 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock’s fifty day moving average price is $179.65 and its two-hundred day moving average price is $169.75.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 annualized dividend and a dividend yield of 0.77%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.