Prudential PLC Buys New Position in Invesco NASDAQ 100 ETF $QQQM

Prudential PLC bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 97,500 shares of the company’s stock, valued at approximately $24,660,000.

Several other large investors also recently added to or reduced their stakes in QQQM. Migdal Insurance & Financial Holdings Ltd. grew its position in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares during the period. Principia Wealth Advisory LLC grew its position in Invesco NASDAQ 100 ETF by 1,615.9% during the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after buying an additional 899,154 shares during the period. Bouchey Financial Group Ltd lifted its holdings 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 purchasing an additional 587,107 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 22.4% during the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after purchasing an additional 422,032 shares in the last quarter. Finally, Asset Allocation Strategies LLC lifted its holdings in Invesco NASDAQ 100 ETF by 728.3% during the second quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock valued at $98,814,000 after purchasing an additional 382,579 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $304.94 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $215.26 and a 1-year high of $308.21. The company has a market capitalization of $91.54 billion, a P/E ratio of 31.95 and a beta of 1.23. The firm’s 50 day simple moving average is $273.60 and its two-hundred day simple moving average is $259.62.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.