Invesco NASDAQ 100 ETF $QQQM is Brueske Advisory Services LLC’s Largest Position

Brueske Advisory Services LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 310.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 148,545 shares of the company’s stock after purchasing an additional 112,343 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 20.0% of Brueske Advisory Services LLC’s investment portfolio, making the stock its biggest position. Brueske Advisory Services LLC owned approximately 0.06% of Invesco NASDAQ 100 ETF worth $36,709,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Kennicott Capital Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 5.1% during the third quarter. Kennicott Capital Management LLC now owns 6,914 shares of the company’s stock valued at $1,709,000 after purchasing an additional 334 shares during the period. Hunter Associates Investment Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1.8% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 82,821 shares of the company’s stock valued at $20,387,000 after acquiring an additional 1,495 shares during the period. 3EDGE Asset Management LP bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $9,925,000. Parkside Financial Bank & Trust purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $82,000. Finally, Facet Wealth Inc. increased its holdings in Invesco NASDAQ 100 ETF by 5.2% in the 3rd quarter. Facet Wealth Inc. now owns 1,246 shares of the company’s stock worth $308,000 after acquiring an additional 62 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $256.40 on Friday. The company has a market capitalization of $72.00 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The firm’s 50 day simple moving average is $253.82 and its two-hundred day simple moving average is $246.06.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF Company 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.