Invesco NASDAQ 100 ETF $QQQM is Adamsbrown Wealth Consultants LLC’s 3rd Largest Position

Adamsbrown Wealth Consultants LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,202 shares of the company’s stock after purchasing an additional 11,817 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 9.0% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its 3rd biggest holding. Adamsbrown Wealth Consultants LLC owned 0.05% of Invesco NASDAQ 100 ETF worth $32,670,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of QQQM. Invesco Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after buying an additional 1,715,025 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock valued at $1,726,216,000 after buying an additional 152,512 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after buying an additional 1,630,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco NASDAQ 100 ETF by 14.8% in 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 period. Finally, Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $538,021,000.

Invesco NASDAQ 100 ETF Trading Up 0.9%

Shares of Invesco NASDAQ 100 ETF stock opened at $259.85 on Wednesday. The stock has a market capitalization of $73.34 billion, a price-to-earnings 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 moving average price is $254.29 and its two-hundred day moving average price is $246.74.

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 was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend 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.