Mariner LLC Has $115.66 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Mariner LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 457,299 shares of the company’s stock after purchasing an additional 31,951 shares during the quarter. Mariner LLC owned 0.16% of Invesco NASDAQ 100 ETF worth $115,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Motiv8 Investments LLC increased its position in shares of Invesco NASDAQ 100 ETF by 0.5% in the fourth quarter. Motiv8 Investments LLC now owns 9,410 shares of the company’s stock valued at $2,380,000 after acquiring an additional 47 shares during the last quarter. FF Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $781,000. Focus Partners Wealth increased its position in shares of Invesco NASDAQ 100 ETF by 13.0% in the fourth quarter. Focus Partners Wealth now owns 139,770 shares of the company’s stock valued at $35,327,000 after acquiring an additional 16,029 shares during the last quarter. Clarity Asset Management Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 51.1% in the fourth quarter. Clarity Asset Management Inc. now owns 1,188 shares of the company’s stock valued at $300,000 after acquiring an additional 402 shares during the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $8,573,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $306.24 on Tuesday. The stock’s 50-day simple moving average is $281.64 and its 200 day simple moving average is $261.99. The company has a market cap of $91.93 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.