Cottage Street Advisors LLC Grows Position in Invesco NASDAQ 100 ETF $QQQM

Cottage Street Advisors LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 97.4% during the 2nd quarter, Holdings Channel reports. The fund owned 3,440 shares of the company’s stock after acquiring an additional 1,697 shares during the quarter. Cottage Street Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,042,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after purchasing an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position 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 purchasing an additional 3,005,140 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock worth $742,825,000 after purchasing an additional 313,262 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives grew its stake in shares of Invesco NASDAQ 100 ETF by 5.1% during 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 purchasing an additional 129,000 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $297.98 on Thursday. The firm has a market capitalization of $102.28 billion, a PE ratio of 31.95 and a beta of 1.23. The business’s fifty day moving average price is $293.45 and its 200 day moving average price is $273.23. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.