QCM Cayman Ltd. Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

QCM Cayman Ltd. acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,639 shares of the company’s stock, valued at approximately $276,000. Invesco NASDAQ 100 ETF makes up 14.9% of QCM Cayman Ltd.’s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors have also added to or reduced their stakes in QQQM. LPL Financial LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 12.4% during the third quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after purchasing an additional 428,164 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Invesco NASDAQ 100 ETF by 8.4% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,393,233 shares of the company’s stock worth $500,196,000 after acquiring an additional 262,963 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 25.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock worth $212,461,000 after acquiring an additional 254,025 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock worth $170,669,000 after acquiring an additional 94,790 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV raised its holdings in shares of 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 acquiring an additional 362,075 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.5 %

Shares of QQQM traded up $2.55 on Tuesday, reaching $174.90. The company’s stock had a trading volume of 2,173,189 shares, compared to its average volume of 1,878,869. Invesco NASDAQ 100 ETF has a twelve month low of $127.47 and a twelve month high of $184.88. The stock has a market capitalization of $22.43 billion, a PE ratio of 35.17 and a beta of 1.18. The firm has a fifty day moving average of $179.97 and a 200-day moving average of $168.32.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.3454 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.79%.

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.