Highland Financial Advisors LLC Has $35.70 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Highland Financial Advisors LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 144,453 shares of the company’s stock after buying an additional 5,728 shares during the period. Invesco NASDAQ 100 ETF makes up about 10.2% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Highland Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $35,697,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after acquiring an additional 1,715,025 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after purchasing an additional 152,512 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in Invesco NASDAQ 100 ETF by 73.1% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after purchasing an additional 1,630,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco NASDAQ 100 ETF by 14.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock valued at $764,588,000 after purchasing an additional 433,686 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Invesco NASDAQ 100 ETF by 18.1% in the second quarter. Ameriprise Financial Inc. now owns 1,887,027 shares of the company’s stock valued at $428,543,000 after purchasing an additional 289,510 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $254.43 on Tuesday. The company has a market capitalization of $70.50 billion, a PE ratio of 31.95 and a beta of 1.16. The company has a 50-day simple moving average of $253.85 and a two-hundred day simple moving average of $243.28. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.323 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd. This represents a $1.29 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.