Invesco NASDAQ 100 ETF $QQQM Stake Increased by Citigroup Inc.

Citigroup Inc. boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,269 shares of the company’s stock after acquiring an additional 3,286 shares during the period. Citigroup Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $10,693,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC bought a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $26,000. New Millennium Group LLC raised its stake in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $28,000. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000.

Invesco NASDAQ 100 ETF Trading Down 0.3%

Shares of NASDAQ QQQM opened at $250.06 on Friday. The company has a market capitalization of $71.73 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The business has a 50 day simple moving average of $253.73 and a 200-day simple moving average of $249.68.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.