4,089 Shares in Invesco NASDAQ 100 ETF $QQQM Bought by Founders Financial Securities LLC

Founders Financial Securities LLC acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,089 shares of the company’s stock, valued at approximately $1,010,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after acquiring an additional 152,512 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted 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 acquiring an additional 1,630,000 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ 100 ETF by 14.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock valued at $764,588,000 after purchasing an additional 433,686 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 18.1% during the second quarter. Ameriprise Financial Inc. now owns 1,887,027 shares of the company’s stock valued at $428,543,000 after purchasing an additional 289,510 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.2%

Shares of NASDAQ QQQM opened at $256.63 on Thursday. The company has a market cap of $67.21 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The stock’s 50 day simple moving average is $253.35 and its 200 day simple moving average is $241.09.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.