Congress Park Capital LLC Has $9.78 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Congress Park Capital LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,682 shares of the company’s stock after purchasing an additional 5,838 shares during the quarter. Invesco NASDAQ 100 ETF makes up 2.9% of Congress Park Capital LLC’s holdings, making the stock its 8th biggest holding. Congress Park Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 3.2% in the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after buying an additional 350,190 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Invesco NASDAQ 100 ETF by 0.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock worth $959,484,000 after acquiring an additional 22,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco NASDAQ 100 ETF by 6.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock worth $889,313,000 after acquiring an additional 231,965 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco NASDAQ 100 ETF by 5.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,623,734 shares of the company’s stock valued at $648,377,000 after acquiring an additional 146,401 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Invesco NASDAQ 100 ETF by 22.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after acquiring an additional 422,032 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $231.61 on Monday. The company has a market capitalization of $66.44 billion, a P/E ratio of 31.95 and a beta of 1.16. The company has a fifty day moving average price of $249.54 and a 200-day moving average price of $251.06. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.6%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.