40,268 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by 3EDGE Asset Management LP

3EDGE Asset Management LP purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 40,268 shares of the company’s stock, valued at approximately $9,925,000. Invesco NASDAQ 100 ETF accounts for 0.6% of 3EDGE Asset Management LP’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 1,473.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after purchasing an additional 5,333 shares during the last quarter. Evolution Wealth Management Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 51,972.7% during the 3rd quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after buying an additional 5,717 shares during the period. Boyum Wealth Architects LLC grew its position in shares of Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after buying an additional 2,523 shares during the period. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth approximately $1,932,000. Finally, Brookstone Capital Management lifted its holdings in Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after buying an additional 24,904 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.7%

QQQM stock opened at $255.59 on Friday. The stock has a market cap of $71.78 billion, a PE ratio of 31.95 and a beta of 1.16. The stock has a 50-day moving average price of $253.70 and a two-hundred day moving average price of $245.86. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

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