Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Petix & Botte Co

Petix & Botte Co lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,186 shares of the company’s stock after buying an additional 4,545 shares during the quarter. Invesco NASDAQ 100 ETF makes up 2.3% of Petix & Botte Co’s holdings, making the stock its 16th largest position. Petix & Botte Co’s holdings in Invesco NASDAQ 100 ETF were worth $10,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. raised its position in Invesco NASDAQ 100 ETF by 3.2% during the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after acquiring an additional 350,190 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in Invesco NASDAQ 100 ETF by 0.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock worth $959,484,000 after purchasing an additional 22,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco NASDAQ 100 ETF by 6.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock worth $889,313,000 after purchasing an additional 231,965 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 5.9% during the 3rd quarter. Raymond James Financial Inc. now owns 2,623,734 shares of the company’s stock worth $648,377,000 after purchasing an additional 146,401 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 22.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after purchasing an additional 422,032 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $248.45 on Wednesday. The company has a 50 day moving average price of $252.18 and a 200-day moving average price of $250.86. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The firm has a market cap of $71.27 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 $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%.

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.