6,576 Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,576 shares of the company’s stock, valued at approximately $1,384,000.

Several other hedge funds also recently modified their holdings of QQQM. Strategic Financial Concepts LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 26,756.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after purchasing an additional 6,174,281 shares in the last quarter. Raymond James Financial Inc. bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $374,557,000. Invesco Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock valued at $1,962,081,000 after acquiring an additional 1,170,093 shares during the last quarter. IMC Chicago LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $208,737,000. Finally, Bank of Nova Scotia bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $158,702,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $212.27 on Wednesday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $222.64. The stock has a market cap of $45.28 billion, a PE ratio of 27.89 and a beta of 1.18. The firm’s 50 day moving average price is $192.87 and its two-hundred day moving average price is $205.66.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.3176 dividend. The ex-dividend date was Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.