MONECO Advisors LLC Grows Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

MONECO Advisors LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,608 shares of the company’s stock after acquiring an additional 168 shares during the period. MONECO Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Invesco NASDAQ 100 ETF by 18,603.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 888,621 shares of the company’s stock valued at $130,992,000 after buying an additional 883,870 shares in the last quarter. Money Design Co. Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 126.0% in the fourth quarter. Money Design Co. Ltd. now owns 785,015 shares of the company’s stock worth $132,306,000 after acquiring an additional 437,683 shares during the period. LPL Financial LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock worth $572,426,000 after acquiring an additional 428,164 shares during the period. International Assets Investment Management LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth about $65,475,000. Finally, Mainstay Capital Management LLC ADV boosted its stake in Invesco NASDAQ 100 ETF by 53.0% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock worth $176,150,000 after purchasing an additional 362,075 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.7 %

Shares of QQQM opened at $173.45 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $129.60 and a twelve month high of $184.88. The stock has a market cap of $22.49 billion, a PE ratio of 34.39 and a beta of 1.30. The business’s 50-day moving average price is $179.75 and its 200-day moving average price is $169.39.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.3454 per share. This represents a $1.38 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Monday, March 18th.

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.