Brown Advisory Inc. Acquires New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Brown Advisory Inc. purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,050 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Union Bancaire Privee UBP SA bought a new position in Invesco NASDAQ 100 ETF during the first quarter valued at about $25,000. Westwind Capital acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $27,000. Crews Bank & Trust boosted its position in Invesco NASDAQ 100 ETF by 328.6% in the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after buying an additional 115 shares during the last quarter. Nemes Rush Group LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $32,000. Finally, Mather Group LLC. boosted its position in Invesco NASDAQ 100 ETF by 80.6% in the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after buying an additional 75 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.1%

NASDAQ:QQQM opened at $229.42 on Thursday. The stock’s fifty day simple moving average is $218.79 and its 200-day simple moving average is $208.54. The firm has a market capitalization of $54.16 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $230.84.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.3161 per share. The ex-dividend date was Monday, June 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 0.55%.

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.