Invesco NASDAQ 100 ETF $QQQM is Leith Wheeler Investment Counsel Ltd.’s 7th Largest Position

Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 84.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 300,957 shares of the company’s stock after purchasing an additional 137,773 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 4.0% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 7th largest position. Leith Wheeler Investment Counsel Ltd. owned 0.13% of Invesco NASDAQ 100 ETF worth $68,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $90,815,000. Raymond James Financial Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 23.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after buying an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Invesco NASDAQ 100 ETF by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after buying an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco NASDAQ 100 ETF by 14.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after buying an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after buying an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 3.5%

Invesco NASDAQ 100 ETF stock opened at $242.67 on Monday. The firm has a market cap of $62.41 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $252.42. The company’s 50 day moving average is $240.37 and its two-hundred day moving average is $220.94.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%.

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.