Renasant Bank Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Renasant Bank acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,046 shares of the company’s stock, valued at approximately $1,199,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 valued at $2,947,440,000 after purchasing an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after purchasing an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of 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 worth $783,561,000 after purchasing an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. boosted its position 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 worth $742,825,000 after buying an additional 313,262 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives boosted its position in shares of Invesco NASDAQ 100 ETF by 5.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after buying an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $292.14 on Wednesday. The company has a market cap of $97.61 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a one year low of $226.88 and a one year high of $308.21. The business’s 50-day simple moving average is $294.28 and its 200 day simple moving average is $266.80.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a dividend 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.