Bright Futures Wealth Management LLC. Takes $617,000 Position in Invesco NASDAQ 100 ETF $QQQM

Bright Futures Wealth Management LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,496 shares of the company’s stock, valued at approximately $617,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQM. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $538,021,000. Invesco Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 18.8% during the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after acquiring an additional 1,715,025 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Invesco NASDAQ 100 ETF by 73.1% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after purchasing an additional 1,630,000 shares during the period. Soundwatch Capital LLC bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $3,159,000. Finally, Bank of Nova Scotia bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $277,718,000.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of NASDAQ QQQM opened at $250.06 on Monday. The company’s fifty day moving average is $253.73 and its 200-day moving average is $249.76. The stock has a market cap 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.

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 paid a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%.

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.