Invesco NASDAQ 100 ETF $QQQM Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,105 shares of the company’s stock after buying an additional 14,880 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $26,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Invesco Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after buying an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after buying an additional 313,262 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives grew its holdings in Invesco NASDAQ 100 ETF by 5.1% during the 4th 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 buying an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $284.98 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21. The company has a market capitalization of $97.09 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The stock has a fifty day moving average of $296.13 and a two-hundred day moving average of $269.97.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.