Invesco NASDAQ 100 ETF $QQQM Shares Bought by Drake & Associates LLC

Drake & Associates LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,281 shares of the company’s stock after purchasing an additional 6,220 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 2.8% of Drake & Associates LLC’s portfolio, making the stock its 13th largest position. Drake & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after purchasing an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC lifted its holdings in shares of 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 worth $241,488,000 after purchasing an additional 899,154 shares during the period. Bouchey Financial Group Ltd boosted its position in Invesco NASDAQ 100 ETF by 68,507.2% in the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after buying an additional 587,107 shares during the last quarter. Royal Bank of Canada boosted its position in Invesco NASDAQ 100 ETF by 62.9% in the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock valued at $325,458,000 after buying an additional 497,004 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after buying an additional 468,626 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 2.3%

Shares of NASDAQ:QQQM opened at $304.52 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $215.55 and a twelve month high of $308.21. The company has a market cap of $91.41 billion, a PE ratio of 31.95 and a beta of 1.23. The company’s 50 day moving average is $285.18 and its 200 day moving average is $262.99.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.