Invesco NASDAQ 100 ETF $QQQM Shares Acquired by JBR Co Financial Management Inc

JBR Co Financial Management Inc boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,070 shares of the company’s stock after buying an additional 4,894 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 3.9% of JBR Co Financial Management Inc’s investment portfolio, making the stock its 5th largest position. JBR Co Financial Management Inc’s holdings in Invesco NASDAQ 100 ETF were worth $9,161,000 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. San Luis Wealth Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at about $1,932,000. Boyum Wealth Architects LLC raised its stake in Invesco NASDAQ 100 ETF by 12.4% during the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after acquiring an additional 2,523 shares in the last quarter. Adapt Wealth Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.4% in the second quarter. Adapt Wealth Advisors LLC now owns 91,240 shares of the company’s stock worth $20,721,000 after acquiring an additional 1,303 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $277,718,000. Finally, Cerity Partners LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.9% in the 2nd quarter. Cerity Partners LLC now owns 381,584 shares of the company’s stock valued at $86,658,000 after purchasing an additional 10,871 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $254.10 on Monday. The company has a 50 day simple moving average of $252.84 and a 200 day simple moving average of $240.44. The stock has a market cap of $66.55 billion, a price-to-earnings 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 declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, December 22nd.

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.