Arthur M. Cohen & Associates LLC Has $28.25 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arthur M. Cohen & Associates LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,338 shares of the company’s stock after purchasing an additional 10,473 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 5.4% of Arthur M. Cohen & Associates LLC’s investment portfolio, making the stock its 5th biggest position. Arthur M. Cohen & Associates LLC owned approximately 0.07% of Invesco NASDAQ 100 ETF worth $28,246,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of QQQM. Strategic Financial Concepts LLC boosted its stake in Invesco NASDAQ 100 ETF by 26,756.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after purchasing an additional 6,174,281 shares during the period. Raymond James Financial Inc. bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth $374,557,000. Invesco Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after buying an additional 1,170,093 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $208,737,000. Finally, Bank of Nova Scotia bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $158,702,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $217.68 on Thursday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $222.64. The company’s 50-day simple moving average is $198.02 and its 200 day simple moving average is $206.48. The company has a market capitalization of $49.22 billion, a PE ratio of 32.67 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.3176 per share. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.