Analyst IMS Investment Management Services Ltd. Raises Stake in Invesco NASDAQ 100 ETF $QQQM

Analyst IMS Investment Management Services Ltd. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,990 shares of the company’s stock after purchasing an additional 6,637 shares during the period. Invesco NASDAQ 100 ETF comprises about 0.4% of Analyst IMS Investment Management Services Ltd.’s investment portfolio, making the stock its 29th largest position. Analyst IMS Investment Management Services Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $13,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jackson Hole Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $26,000. New Millennium Group LLC increased its position in Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $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 valued at about $28,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $240.86 on Friday. The company has a 50 day moving average price of $247.90 and a 200-day moving average price of $250.80. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock has a market capitalization of $69.45 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Invesco NASDAQ 100 ETF Company 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.