Invesco NASDAQ 100 ETF $QQQM is Adapt Wealth Advisors LLC’s 2nd Largest Position

Adapt Wealth Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,743 shares of the company’s stock after acquiring an additional 5,503 shares during the period. Invesco NASDAQ 100 ETF comprises about 8.8% of Adapt Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. Adapt Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $23,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vantagepoint Investment Advisers LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $538,021,000. Invesco Ltd. boosted its position in Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after purchasing an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Invesco NASDAQ 100 ETF by 73.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after purchasing an additional 1,630,000 shares during the last quarter. Soundwatch Capital LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $3,159,000. Finally, Bank of Nova Scotia purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $277,718,000.

Invesco NASDAQ 100 ETF Stock Up 0.9%

Invesco NASDAQ 100 ETF stock opened at $250.67 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The firm’s 50-day simple moving average is $253.78 and its 200 day simple moving average is $249.17. The firm has a market capitalization of $71.90 billion, a PE 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, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.323 dividend. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd.

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.