Betterment LLC Raises Position in Invesco NASDAQ 100 ETF $QQQM

Betterment LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 32.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,011 shares of the company’s stock after acquiring an additional 37,799 shares during the quarter. Betterment LLC owned 0.06% of Invesco NASDAQ 100 ETF worth $38,059,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Invesco NASDAQ 100 ETF by 3.2% during the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock worth $2,764,042,000 after purchasing an additional 350,190 shares during the period. BOKF NA raised its stake in shares of Invesco NASDAQ 100 ETF by 13.9% during the 3rd quarter. BOKF NA now owns 42,336 shares of the company’s stock worth $10,462,000 after buying an additional 5,154 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $4,794,000. Basso Capital Management L.P. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 45.8% in the 3rd quarter. Basso Capital Management L.P. now owns 7,920 shares of the company’s stock valued at $1,957,000 after buying an additional 2,489 shares during the period. Finally, FourThought Financial Partners LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 19.3% in the third quarter. FourThought Financial Partners LLC now owns 9,154 shares of the company’s stock valued at $2,262,000 after buying an additional 1,484 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $245.94 on Friday. The business’s fifty day moving average price is $252.65 and its 200 day moving average price is $250.42. The firm has a market capitalization of $70.55 billion, a PE 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 business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is an increase 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.