3,665 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Ares Financial Consulting LLC

Ares Financial Consulting LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,665 shares of the company’s stock, valued at approximately $927,000. Invesco NASDAQ 100 ETF makes up about 0.9% of Ares Financial Consulting LLC’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after acquiring an additional 3,005,140 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $538,021,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 4,547.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock valued at $228,467,000 after purchasing an additional 904,626 shares during 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 during the period. Finally, Jones Financial Companies Lllp raised its position in shares of 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 valued at $560,746,000 after acquiring an additional 469,957 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.0%

NASDAQ:QQQM opened at $273.51 on Tuesday. The stock’s fifty day simple moving average is $250.06 and its 200-day simple moving average is $252.29. The firm has a market capitalization of $81.54 billion, a P/E ratio of 31.95 and a beta of 1.19. Invesco NASDAQ 100 ETF has a 12-month low of $190.43 and a 12-month high of $273.56.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.31 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 $0.32.

Invesco NASDAQ 100 ETF Company 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.