Hanseatic Management Services Inc. Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Hanseatic Management Services Inc. purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,888 shares of the company’s stock, valued at approximately $2,587,000. Invesco NASDAQ 100 ETF accounts for 2.5% of Hanseatic Management Services Inc.’s holdings, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $25,000. Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth approximately $31,000. SJS Investment Consulting Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth approximately $40,000. Osbon Capital Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $41,000. Finally, Bank & Trust Co acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $46,000.

Invesco NASDAQ 100 ETF Stock Down 1.5%

Shares of NASDAQ QQQM opened at $286.31 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $227.00 and a 52-week high of $308.21. The firm has a fifty day moving average of $296.55 and a 200-day moving average of $268.89. The stock has a market capitalization of $96.50 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.3522 dividend. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

About Invesco NASDAQ 100 ETF

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.