GenTrust LLC Buys 2,153 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

GenTrust LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,325 shares of the company’s stock after acquiring an additional 2,153 shares during the period. GenTrust LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,344,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $49,000. First Horizon Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 17.7% in the fourth quarter. First Horizon Advisors Inc. now owns 638 shares of the company’s stock valued at $134,000 after buying an additional 96 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Invesco NASDAQ 100 ETF by 14.8% in the fourth quarter. IFP Advisors Inc now owns 8,266 shares of the company’s stock valued at $1,740,000 after buying an additional 1,068 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,040,450 shares of the company’s stock valued at $218,963,000 after buying an additional 23,553 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its position in Invesco NASDAQ 100 ETF by 17.9% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 4,432 shares of the company’s stock worth $933,000 after buying an additional 674 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.3%

Shares of NASDAQ:QQQM opened at $222.73 on Thursday. The firm has a market cap of $51.37 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $223.87. The company’s 50-day moving average price is $208.18 and its two-hundred day moving average price is $207.38.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 23rd will be issued a $0.3161 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 23rd. This represents a $1.26 annualized dividend and a yield of 0.57%.

Invesco NASDAQ 100 ETF Company 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.