HighTower Advisors LLC Increases Stock Position in Invesco NASDAQ 100 ETF $QQQM

HighTower Advisors LLC increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 384,040 shares of the company’s stock after purchasing an additional 76,802 shares during the quarter. HighTower Advisors LLC owned 0.13% of Invesco NASDAQ 100 ETF worth $97,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bright Futures Wealth Management LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $617,000. Aspire Growth Partners LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock valued at $6,166,000 after purchasing an additional 2,747 shares during the period. Drake & Associates LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 4.7% in the third quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock valued at $12,845,000 after purchasing an additional 2,268 shares during the period. Atria Investments Inc boosted its stake in shares of Invesco NASDAQ 100 ETF by 6.1% in the third quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock valued at $14,093,000 after purchasing an additional 3,275 shares during the period. Finally, Blue Edge Capital LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 29.9% in the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after purchasing an additional 5,309 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $288.84 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $208.18 and a 12 month high of $297.29. The company has a market capitalization of $86.70 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The company’s fifty day moving average price is $260.36 and its two-hundred day moving average price is $255.75.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a 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.