Truist Financial Corp Acquires 9,672 Shares of Invesco NASDAQ 100 ETF $QQQM

Truist Financial Corp increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,570 shares of the company’s stock after purchasing an additional 9,672 shares during the quarter. Truist Financial Corp owned approximately 0.08% of Invesco NASDAQ 100 ETF worth $52,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bison Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $393,000. Capstone Wealth Management Group LLC boosted its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the last quarter. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $742,000. Finally, Sound Income Strategies LLC grew its stake in Invesco NASDAQ 100 ETF by 108.2% in the second quarter. Sound Income Strategies LLC now owns 306 shares of the company’s stock valued at $69,000 after purchasing an additional 159 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6%

NASDAQ QQQM opened at $259.14 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a 50 day moving average of $254.92 and a 200-day moving average of $246.92. The company has a market cap of $73.56 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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