Invesco NASDAQ 100 ETF $QQQM Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 28.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,131 shares of the company’s stock after acquiring an additional 6,240 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Vantagepoint Investment Advisers LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $538,021,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Invesco NASDAQ 100 ETF by 4,547.2% during the 3rd 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 in the last quarter. Bouchey Financial Group Ltd grew its holdings in Invesco NASDAQ 100 ETF by 68,507.2% during the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after acquiring an additional 587,107 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Invesco NASDAQ 100 ETF by 25.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after acquiring an additional 469,957 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Invesco NASDAQ 100 ETF by 22.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after acquiring an additional 422,032 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $267.13 on Monday. Invesco NASDAQ 100 ETF has a 52 week low of $176.19 and a 52 week high of $267.62. The stock has a market capitalization of $78.65 billion, a PE ratio of 31.95 and a beta of 1.19. The firm has a 50 day moving average of $247.74 and a two-hundred day moving average of $251.47.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is a boost 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.