Bank of Nova Scotia Buys Shares of 1,222,890 Invesco NASDAQ 100 ETF $QQQM

Bank of Nova Scotia bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,222,890 shares of the company’s stock, valued at approximately $277,718,000. Invesco NASDAQ 100 ETF comprises approximately 0.6% of Bank of Nova Scotia’s investment portfolio, making the stock its 28th biggest holding. Bank of Nova Scotia owned approximately 0.51% of Invesco NASDAQ 100 ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQM. Invesco Ltd. grew its stake in Invesco NASDAQ 100 ETF by 18.8% during the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after buying an additional 1,715,025 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in Invesco NASDAQ 100 ETF by 73.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after buying an additional 1,630,000 shares during the last quarter. Soundwatch Capital LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $3,159,000. Mizuho Bank Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $272,520,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $90,815,000.

Invesco NASDAQ 100 ETF Stock Up 0.4%

Shares of NASDAQ:QQQM opened at $257.53 on Monday. The company has a market cap of $67.45 billion, a PE ratio of 31.95 and a beta of 1.16. The company’s 50-day moving average price is $251.76 and its 200 day moving average price is $237.61. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 annualized dividend and a dividend yield of 0.5%.

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.