Invesco NASDAQ 100 ETF $QQQM Position Boosted by Meitav Investment House Ltd.

Meitav Investment House Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,576,146 shares of the company’s stock after purchasing an additional 520,102 shares during the period. Invesco NASDAQ 100 ETF accounts for about 6.7% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Meitav Investment House Ltd. owned approximately 0.86% of Invesco NASDAQ 100 ETF worth $612,143,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in QQQM. Garner Asset Management Corp bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $25,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth approximately $31,000. Osbon Capital Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $41,000. SJS Investment Consulting Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth $40,000. Finally, Bank & Trust Co purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $46,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock traded down $6.31 on Tuesday, hitting $291.21. 1,504,511 shares of the stock traded hands, compared to its average volume of 4,580,417. The firm has a market cap of $97.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52 week low of $226.88 and a 52 week high of $308.21. The firm has a 50 day simple moving average of $293.90 and a two-hundred day simple moving average of $266.49.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.3522 dividend. 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 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.