Investment Advisory Services Group LLC Acquires New Stake in Invesco NASDAQ 100 ETF $QQQM

Investment Advisory Services Group LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,896 shares of the company’s stock, valued at approximately $5,032,000. Invesco NASDAQ 100 ETF comprises 4.5% of Investment Advisory Services Group LLC’s holdings, making the stock its 6th biggest position.

Several other hedge funds have also recently made changes to their positions in QQQM. Invesco Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 3.2% during the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after buying an additional 350,190 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings 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 acquiring an additional 22,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $889,313,000 after acquiring an additional 231,965 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after purchasing an additional 3,005,140 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in Invesco NASDAQ 100 ETF by 5.1% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.3%

QQQM opened at $293.71 on Tuesday. The company has a market capitalization of $88.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The firm has a 50-day moving average price of $255.24 and a 200-day moving average price of $254.22. Invesco NASDAQ 100 ETF has a twelve month low of $206.47 and a twelve month high of $294.22.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.