Basso Capital Management L.P. Increases Holdings in Invesco NASDAQ 100 ETF $QQQM

Basso Capital Management L.P. increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 45.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 7,920 shares of the company’s stock after buying an additional 2,489 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 1.3% of Basso Capital Management L.P.’s portfolio, making the stock its 15th largest holding. Basso Capital Management L.P.’s holdings in Invesco NASDAQ 100 ETF were worth $1,957,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $26,000. New Millennium Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Trading Up 0.0%

Shares of NASDAQ QQQM opened at $250.27 on Wednesday. The stock has a fifty day simple moving average of $252.84 and a two-hundred day simple moving average of $250.46. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The firm has a market cap of $71.79 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a dividend 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.