Caprock Group LLC Takes $4.84 Million Position in Invesco NASDAQ 100 ETF $QQQM

Caprock Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,596 shares of the company’s stock, valued at approximately $4,836,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at about $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $26,000. Trust Co. of Toledo NA OH acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $28,000. Mather Group LLC. acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $42,000. Finally, Rosenberg Matthew Hamilton purchased a new position in Invesco NASDAQ 100 ETF in the second quarter worth $43,000.

Invesco NASDAQ 100 ETF Trading Up 0.3%

Shares of QQQM stock opened at $252.43 on Thursday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The business’s fifty day simple moving average is $254.94 and its 200-day simple moving average is $248.37. The company has a market cap of $72.41 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced 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. 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.

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.