Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.4% during the third quarter, HoldingsChannel reports. The fund owned 1,860,900 shares of the company’s stock after acquiring an additional 7,228 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 6.3% of Meitav Investment House Ltd.’s portfolio, making the stock its 2nd biggest holding. Meitav Investment House Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $458,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after purchasing an additional 1,715,025 shares during the period. Envestnet Asset Management Inc. grew its position in Invesco NASDAQ 100 ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after acquiring an additional 152,512 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after purchasing an additional 1,630,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ 100 ETF by 14.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock worth $764,588,000 after purchasing an additional 433,686 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 18.1% in the second quarter. Ameriprise Financial Inc. now owns 1,887,027 shares of the company’s stock valued at $428,543,000 after buying an additional 289,510 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.1%

Shares of NASDAQ QQQM opened at $255.71 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The firm’s 50-day simple moving average is $253.77 and its 200 day simple moving average is $245.26. The company has a market cap of $71.52 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. 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 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.