World Investment Advisors Increases Stock Position in Invesco NASDAQ 100 ETF $QQQM

World Investment Advisors raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,207 shares of the company’s stock after purchasing an additional 6,420 shares during the quarter. World Investment Advisors’ holdings in Invesco NASDAQ 100 ETF were worth $21,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes 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 acquiring an additional 350,190 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Invesco NASDAQ 100 ETF by 0.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after acquiring an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco NASDAQ 100 ETF by 6.9% during 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 position in shares of Invesco NASDAQ 100 ETF by 3,234.6% during 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 acquiring an additional 3,005,140 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in shares of 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 acquiring an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.9%

QQQM stock opened at $291.14 on Wednesday. The firm has a 50 day moving average of $256.06 and a 200-day moving average of $254.52. Invesco NASDAQ 100 ETF has a 12-month low of $208.18 and a 12-month high of $294.22. The company has a market cap of $87.39 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.