Orion Porfolio Solutions LLC Has $20.19 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Orion Porfolio Solutions LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.4% in the third quarter, Holdings Channel reports. The institutional investor owned 81,708 shares of the company’s stock after acquiring an additional 3,420 shares during the period. Orion Porfolio Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $20,192,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of QQQM. E Fund Management Hong Kong Co. Ltd. grew its position in Invesco NASDAQ 100 ETF by 1,473.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after buying an additional 5,333 shares in the last quarter. Bright Futures Wealth Management LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $617,000. Evolution Wealth Management Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 51,972.7% during the 3rd quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after purchasing an additional 5,717 shares in the last quarter. Boyum Wealth Architects LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares in the last quarter. Finally, Brookstone Capital Management increased its position in shares of Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after purchasing an additional 24,904 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.5%

QQQM stock opened at $251.37 on Thursday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The business has a 50-day simple moving average of $253.36 and a 200 day simple moving average of $249.92. The company has a market cap of $72.10 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco NASDAQ 100 ETF

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.