ZEGA Investments LLC Acquires New Shares in Invesco NASDAQ 100 ETF $QQQM

ZEGA Investments LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,373 shares of the company’s stock, valued at approximately $1,081,000.

Several other hedge funds also recently bought and sold shares of QQQM. N.E.W. Advisory Services LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 15.6% in the third quarter. N.E.W. Advisory Services LLC now owns 1,270 shares of the company’s stock valued at $314,000 after acquiring an additional 171 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 4,547.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock valued at $228,467,000 after purchasing an additional 904,626 shares during the period. Vicus Capital grew its position in Invesco NASDAQ 100 ETF by 1,338.5% in the 3rd quarter. Vicus Capital now owns 50,680 shares of the company’s stock worth $12,524,000 after purchasing an additional 47,157 shares during the last quarter. Godsey & Gibb Inc. bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at about $320,000. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Citizens Financial Group Inc. RI now owns 91,824 shares of the company’s stock valued at $22,692,000 after purchasing an additional 1,113 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.1%

NASDAQ QQQM opened at $258.24 on Tuesday. The company’s 50-day simple moving average is $253.57 and its 200 day simple moving average is $244.54. The stock has a market cap of $71.83 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.