Evensky & Katz LLC Has $8.59 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Evensky & Katz LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 34,749 shares of the company’s stock after acquiring an additional 5,165 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 0.5% of Evensky & Katz LLC’s investment portfolio, making the stock its 25th biggest position. Evensky & Katz LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,587,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 18.8% in the 2nd 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 boosted its stake in shares of Invesco NASDAQ 100 ETF by 0.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after purchasing an additional 22,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco NASDAQ 100 ETF by 14.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock valued at $764,588,000 after purchasing an additional 433,686 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% during the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after purchasing an additional 469,957 shares during the last quarter. Finally, Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $538,021,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $246.97 on Monday. The business has a 50 day moving average of $253.05 and a 200-day moving average of $250.22. The company has a market capitalization of $70.84 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend 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.