Helios Capital Management PTE. Ltd. Makes New $11.65 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Helios Capital Management PTE. Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 51,300 shares of the company’s stock, valued at approximately $11,650,000. Invesco NASDAQ 100 ETF accounts for approximately 9.0% of Helios Capital Management PTE. Ltd.’s holdings, making the stock its 2nd largest holding.

Several other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock valued at $1,726,216,000 after purchasing an additional 152,512 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in shares of Invesco NASDAQ 100 ETF by 5.9% in the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock valued at $630,210,000 after purchasing an additional 182,000 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after purchasing an additional 368,544 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after purchasing an additional 421,792 shares during the period. Finally, Meitav Investment House Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 4.6% in the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock valued at $421,211,000 after purchasing an additional 81,933 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.6%

NASDAQ:QQQM opened at $256.58 on Thursday. The firm has a market cap of $67.20 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s 50 day simple moving average is $246.95 and its 200-day simple moving average is $229.56. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

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.