Invesco Ltd. Purchases 1,715,025 Shares of Invesco NASDAQ 100 ETF $QQQM

Invesco Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 10,834,831 shares of the company’s stock after buying an additional 1,715,025 shares during the period. Invesco NASDAQ 100 ETF accounts for 0.4% of Invesco Ltd.’s portfolio, making the stock its 25th largest position. Invesco Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $2,460,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQM. Luminist Capital LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $7,066,000. CW Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 14.5% in the second quarter. CW Advisors LLC now owns 24,025 shares of the company’s stock worth $5,456,000 after purchasing an additional 3,039 shares during the last quarter. Twin Peaks Wealth Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 9.0% in the second quarter. Twin Peaks Wealth Advisors LLC now owns 5,746 shares of the company’s stock worth $1,372,000 after purchasing an additional 476 shares during the last quarter. Van Hulzen Asset Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $213,000. Finally, Valued Retirements Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 17.1% during the 2nd quarter. Valued Retirements Inc. now owns 7,982 shares of the company’s stock valued at $1,813,000 after buying an additional 1,168 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $256.09 on Wednesday. The company has a market capitalization of $67.07 billion, a P/E ratio of 31.95 and a beta of 1.16. The company’s 50-day simple moving average is $251.05 and its two-hundred day simple moving average is $236.69. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.