Invesco NASDAQ 100 ETF $QQQM is Thoroughbred Financial Services LLC’s 7th Largest Position

Thoroughbred Financial Services LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 112,661 shares of the company’s stock after acquiring an additional 9,244 shares during the period. Invesco NASDAQ 100 ETF comprises about 1.7% of Thoroughbred Financial Services LLC’s holdings, making the stock its 7th largest position. Thoroughbred Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $27,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vantagepoint Investment Advisers LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $538,021,000. Invesco Ltd. lifted its position in Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Invesco NASDAQ 100 ETF by 73.1% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after buying an additional 1,630,000 shares during the period. Soundwatch Capital LLC purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter worth approximately $3,159,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth $277,718,000.

Invesco NASDAQ 100 ETF Trading Up 1.1%

Shares of QQQM stock opened at $250.31 on Wednesday. The company has a market cap of $71.80 billion, a PE ratio of 31.95 and a beta of 1.16. The company’s fifty day simple moving average is $253.68 and its 200-day simple moving average is $249.47. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.323 dividend. This represents a $1.29 annualized dividend and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 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.