Invesco NASDAQ 100 ETF $QQQM Position Boosted by New Perspectives Inc

New Perspectives Inc grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,617 shares of the company’s stock after purchasing an additional 4,277 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 2.5% of New Perspectives Inc’s holdings, making the stock its 10th largest holding. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $7,275,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of QQQM. Invesco Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after buying an additional 468,626 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Invesco NASDAQ 100 ETF by 0.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock worth $959,484,000 after buying an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after buying an additional 65,487 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew 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 valued at $783,561,000 after buying an additional 3,005,140 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 11.9% in the fourth quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after buying an additional 313,262 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.8%

NASDAQ QQQM opened at $294.88 on Friday. The company’s fifty day simple moving average is $289.66 and its 200-day simple moving average is $264.45. Invesco NASDAQ 100 ETF has a 52 week low of $222.90 and a 52 week high of $308.21. The stock has a market cap of $88.52 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be paid a dividend of $0.3522 per share. The ex-dividend date is Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

About Invesco NASDAQ 100 ETF

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.