Aveo Capital Partners LLC Buys 35,230 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Aveo Capital Partners LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 29.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,904 shares of the company’s stock after purchasing an additional 35,230 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 5.0% of Aveo Capital Partners LLC’s investment portfolio, making the stock its 5th largest position. Aveo Capital Partners LLC owned 0.07% of Invesco NASDAQ 100 ETF worth $30,431,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Trexquant Investment LP boosted its position in Invesco NASDAQ 100 ETF by 24.1% during the 4th quarter. Trexquant Investment LP now owns 2,180 shares of the company’s stock worth $459,000 after buying an additional 423 shares during the period. Wells Fargo & Company MN lifted its position in shares of Invesco NASDAQ 100 ETF by 1,271.5% in the 4th quarter. Wells Fargo & Company MN now owns 34,369 shares of the company’s stock worth $7,233,000 after purchasing an additional 31,863 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $3,851,000. Scotia Capital Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $218,000. Finally, Townsquare Capital LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 18.8% in the 4th quarter. Townsquare Capital LLC now owns 15,255 shares of the company’s stock worth $3,211,000 after purchasing an additional 2,409 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $236.52 on Friday. The company has a market capitalization of $56.71 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $236.59. The company’s 50 day moving average price is $226.00 and its 200-day moving average price is $210.89.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a $0.3161 dividend. The ex-dividend date was Monday, June 23rd. This represents a $1.26 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.