Invesco NASDAQ 100 ETF $QQQM is Gerber LLC’s 6th Largest Position

Gerber LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 79.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,446 shares of the company’s stock after purchasing an additional 14,367 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 4.6% of Gerber LLC’s holdings, making the stock its 6th biggest position. Gerber LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $538,021,000. Bank of Nova Scotia acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $277,718,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 4,547.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock worth $228,467,000 after acquiring an additional 904,626 shares during the period. Bouchey Financial Group Ltd raised its holdings in Invesco NASDAQ 100 ETF by 68,507.2% during the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after purchasing an additional 587,107 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Invesco NASDAQ 100 ETF by 25.9% during the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after purchasing an additional 469,957 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $240.86 on Monday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The company has a 50-day moving average price of $247.90 and a 200 day moving average price of $250.91. The company has a market cap of $69.44 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.