Pearl Planning LLC Invests $5.11 Million in Invesco NASDAQ 100 ETF $QQQM

Pearl Planning LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, Holdings Channel.com reports. The fund acquired 20,187 shares of the company’s stock, valued at approximately $5,106,000. Invesco NASDAQ 100 ETF comprises about 3.1% of Pearl Planning LLC’s portfolio, making the stock its 11th biggest holding.

A number of other hedge funds also recently made changes to their positions in QQQM. Migdal Insurance & Financial Holdings Ltd. lifted its holdings 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 worth $783,561,000 after acquiring an additional 3,005,140 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $538,021,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4,547.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock worth $228,467,000 after acquiring an additional 904,626 shares during the last quarter. Bouchey Financial Group Ltd lifted its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% during the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after acquiring an additional 587,107 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after acquiring an additional 469,957 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $292.82 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $200.17 and a 52-week high of $292.82. The company has a market capitalization of $87.90 billion, a P/E ratio of 31.95 and a beta of 1.21. The company has a fifty day moving average of $253.61 and a 200-day moving average of $253.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%.

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.