Analyst IMS Investment Management Services Ltd. Grows Stake in Invesco NASDAQ 100 ETF $QQQM

Analyst IMS Investment Management Services Ltd. grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,353 shares of the company’s stock after acquiring an additional 6,090 shares during the quarter. Invesco NASDAQ 100 ETF comprises 0.4% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 29th largest position. Analyst IMS Investment Management Services Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $11,454,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bison Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $393,000. Capstone Wealth Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after buying an additional 3,220 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF by 88.5% in the 1st quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock worth $76,000 after acquiring an additional 185 shares during the last quarter. Comerica Bank raised its holdings in shares of Invesco NASDAQ 100 ETF by 18.4% during the 1st quarter. Comerica Bank now owns 10,566 shares of the company’s stock worth $2,039,000 after acquiring an additional 1,642 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 40.4% during the 1st quarter. Baird Financial Group Inc. now owns 9,230 shares of the company’s stock worth $1,782,000 after acquiring an additional 2,654 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $255.65 on Tuesday. The stock has a 50 day moving average of $253.79 and a 200 day moving average of $242.03. The firm has a market capitalization of $66.96 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.