Balentine LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Balentine LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,389 shares of the company’s stock, valued at approximately $2,567,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1,473.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after purchasing an additional 5,333 shares during the period. Evolution Wealth Management Inc. increased its holdings in Invesco NASDAQ 100 ETF by 51,972.7% during the 3rd quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock valued at $1,416,000 after purchasing an additional 5,717 shares during the period. Boyum Wealth Architects LLC raised its position in Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after purchasing an additional 2,523 shares during the last quarter. Brookstone Capital Management raised its position in Invesco NASDAQ 100 ETF by 49.7% during the 3rd quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after purchasing an additional 24,904 shares during the last quarter. Finally, Bank Hapoalim BM purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $35,091,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $247.83 on Tuesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The firm has a market cap of $71.09 billion, a P/E ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average price is $254.37 and its 200-day moving average price is $248.77.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.