Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 223.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 495 shares of the company’s stock after acquiring an additional 342 shares during the period. Fifth Third Bancorp’s holdings in Invesco NASDAQ 100 ETF were worth $96,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQM. Nemes Rush Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC increased its position in Invesco NASDAQ 100 ETF by 122.0% during the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares during the period. ST Germain D J Co. Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $46,000. Blue Trust Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $49,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $58,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $217.80 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $222.64. The business’s 50 day simple moving average is $205.51 and its 200-day simple moving average is $207.24. The firm has a market capitalization of $46.46 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.3176 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.