Invesco NASDAQ 100 ETF $QQQM Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 22.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,309,059 shares of the company’s stock after acquiring an additional 422,032 shares during the quarter. Ameriprise Financial Inc. owned 0.88% of Invesco NASDAQ 100 ETF worth $570,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $26,000. New Millennium Group LLC raised its holdings in 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 acquiring an additional 94 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $28,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000.

Invesco NASDAQ 100 ETF Trading Down 0.6%

QQQM stock opened at $244.45 on Monday. The business’s 50 day moving average is $252.49 and its 200-day moving average is $250.70. The firm has a market cap of $70.12 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders 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.

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.