Brookstone Capital Management Has $18.54 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Brookstone Capital Management boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 49.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,006 shares of the company’s stock after acquiring an additional 24,904 shares during the period. Brookstone Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $18,535,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 18.8% in the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after purchasing an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Invesco NASDAQ 100 ETF by 73.1% in the 2nd 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 in the last quarter. Soundwatch Capital LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $3,159,000. Bank of Nova Scotia bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $277,718,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $272,520,000.

Invesco NASDAQ 100 ETF Stock Up 0.2%

NASDAQ QQQM opened at $256.63 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The stock has a market cap of $67.21 billion, a P/E ratio of 31.95 and a beta of 1.16. The company’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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be given a $0.323 dividend. This represents a $1.29 annualized dividend and a yield of 0.5%. 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.

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.