Fmr LLC Increases Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Fmr LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,544,221 shares of the company’s stock after acquiring an additional 74,138 shares during the quarter. Fmr LLC owned approximately 0.91% of Invesco NASDAQ 100 ETF worth $310,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Comerica Bank raised its holdings in shares of Invesco NASDAQ 100 ETF by 73.4% in the first quarter. Comerica Bank now owns 4,636 shares of the company’s stock valued at $847,000 after buying an additional 1,962 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 13,828.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 975 shares of the company’s stock valued at $170,000 after acquiring an additional 968 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $91,000. Finally, City State Bank increased its holdings in shares of Invesco NASDAQ 100 ETF by 6.3% in the second quarter. City State Bank now owns 3,890 shares of the company’s stock valued at $767,000 after purchasing an additional 230 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $209.80 on Friday. The business has a 50 day simple moving average of $204.19 and a 200-day simple moving average of $197.22. Invesco NASDAQ 100 ETF has a 12 month low of $157.44 and a 12 month high of $212.19. The stock has a market capitalization of $35.75 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, September 23rd.

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.