Invesco NASDAQ 100 ETF $QQQM Stock Position Lifted by Cibc World Market Inc.

Cibc World Market Inc. boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,636 shares of the company’s stock after buying an additional 2,087 shares during the quarter. Cibc World Market Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QQQM. Jackson Hole Capital Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $26,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $28,000. Mather Group LLC. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $42,000. Finally, AlphaCore Capital LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 850.0% during the 2nd quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock valued at $43,000 after buying an additional 170 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $247.83 on Monday. The company has a market capitalization of $71.09 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s 50 day moving average price is $254.56 and its 200 day moving average price is $248.67. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.