Vestmark Advisory Solutions Inc. Purchases 17,800 Shares of Invesco NASDAQ 100 ETF $QQQM

Vestmark Advisory Solutions Inc. lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 70.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,109 shares of the company’s stock after purchasing an additional 17,800 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $10,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Cypress Wealth Services LLC grew its position in Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after buying an additional 41 shares in the last quarter. Base Wealth Management LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 3.9% in the 3rd quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after acquiring an additional 43 shares in the last quarter. Twin Peaks Wealth Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 0.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after acquiring an additional 43 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% during the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after purchasing an additional 46 shares in the last quarter. Finally, Sand Hill Global Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 4.3% in the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after purchasing an additional 48 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $250.67 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a market capitalization of $71.90 billion, a P/E ratio of 31.95 and a beta of 1.16. The firm’s 50 day simple moving average is $253.78 and its 200 day simple moving average is $249.17.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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.