Invesco NASDAQ 100 ETF $QQQM Position Increased by 360 Financial Inc.

360 Financial Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,261 shares of the company’s stock after acquiring an additional 3,002 shares during the quarter. Invesco NASDAQ 100 ETF comprises 10.9% of 360 Financial Inc.’s investment portfolio, making the stock its 2nd largest position. 360 Financial Inc. owned about 0.05% of Invesco NASDAQ 100 ETF worth $33,673,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQM. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $393,000. Capstone Wealth Management Group LLC grew its position in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter valued at $534,000.

Invesco NASDAQ 100 ETF Stock Down 1.2%

NASDAQ QQQM opened at $250.88 on Friday. The stock’s 50-day simple moving average is $253.81 and its two-hundred day simple moving average is $249.51. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The company has a market capitalization of $71.96 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.