Parallel Advisors LLC Acquires 3,580 Shares of Invesco NASDAQ 100 ETF $QQQM

Parallel Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 286.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,830 shares of the company’s stock after acquiring an additional 3,580 shares during the period. Parallel Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,148,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew 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 purchasing an additional 3,005,140 shares in the last quarter. Principia Wealth Advisory LLC boosted its stake in Invesco NASDAQ 100 ETF by 1,615.9% in the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock worth $241,488,000 after buying an additional 899,154 shares in the last quarter. Bouchey Financial Group Ltd grew its position in 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 valued at $148,708,000 after acquiring an additional 587,107 shares during the last quarter. Meitav Investment House Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after acquiring an additional 520,102 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Invesco NASDAQ 100 ETF by 62.9% in the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after acquiring an additional 497,004 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $290.42 on Thursday. The firm has a market cap of $98.04 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The firm has a 50 day moving average price of $296.35 and a 200-day moving average price of $269.74. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.