Northbridge Financial Group LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Northbridge Financial Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,944 shares of the company’s stock, valued at approximately $492,000.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $538,021,000. Bouchey Financial Group Ltd grew its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% during the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after buying an additional 587,107 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Invesco NASDAQ 100 ETF by 25.9% in the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock valued at $560,746,000 after purchasing an additional 469,957 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 22.4% in the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after purchasing an additional 422,032 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $288.84 on Wednesday. The business has a 50 day simple moving average of $260.36 and a 200-day simple moving average of $255.75. The firm has a market capitalization of $86.70 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.29.

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 $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

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.