Mutual Advisors LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Mutual Advisors LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,874 shares of the company’s stock after acquiring an additional 1,994 shares during the period. Mutual Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,510,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 18.8% in 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 during the last quarter. Envestnet Asset Management Inc. raised its position in Invesco NASDAQ 100 ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock valued at $1,726,216,000 after purchasing an additional 152,512 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco NASDAQ 100 ETF by 73.1% in 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 during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 14.8% in the 2nd 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 during the last quarter. Finally, Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $538,021,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $256.05 on Friday. The stock has a market capitalization of $72.68 billion, a P/E ratio of 31.95 and a beta of 1.16. The firm’s 50-day moving average is $255.19 and its two-hundred day moving average is $247.23. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.323 dividend. 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 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.