Corient Private Wealth LLC Increases Stake in Invesco NASDAQ 100 ETF $QQQM

Corient Private Wealth LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 104.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,539 shares of the company’s stock after buying an additional 6,921 shares during the quarter. Corient Private Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQM. National Wealth Management Group LLC increased its position in shares of Invesco NASDAQ 100 ETF by 6.5% in the second quarter. National Wealth Management Group LLC now owns 25,275 shares of the company’s stock valued at $5,740,000 after buying an additional 1,535 shares in the last quarter. Milestones Private Investment Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $5,083,000. Silicon Valley Capital Partners raised its stake in shares of Invesco NASDAQ 100 ETF by 133.0% during the second quarter. Silicon Valley Capital Partners now owns 233 shares of the company’s stock valued at $53,000 after purchasing an additional 133 shares during the period. Osaic Holdings Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 14.2% during the second quarter. Osaic Holdings Inc. now owns 1,031,992 shares of the company’s stock worth $234,437,000 after acquiring an additional 128,300 shares during the last quarter. Finally, Beacon Capital Management Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $48,000.

Invesco NASDAQ 100 ETF Trading Up 1.3%

Shares of NASDAQ QQQM opened at $254.10 on Monday. The business has a 50 day simple moving average of $252.84 and a 200-day simple moving average of $240.44. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The company has a market capitalization of $66.55 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, December 22nd.

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.