MAI Capital Management Has $15.70 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

MAI Capital Management lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,513 shares of the company’s stock after buying an additional 7,219 shares during the quarter. MAI Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $15,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $26,000. New Millennium Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $28,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $253.83 on Thursday. The company has a 50 day moving average price of $253.81 and a 200 day moving average price of $249.50. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock has a market capitalization of $72.81 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend 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.