Private Advisor Group LLC Grows Stake in Invesco NASDAQ 100 ETF $QQQM

Private Advisor Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.1% during the third quarter, HoldingsChannel.com reports. The firm owned 830,262 shares of the company’s stock after buying an additional 55,322 shares during the period. Invesco NASDAQ 100 ETF accounts for 1.0% of Private Advisor Group LLC’s portfolio, making the stock its 13th biggest position. Private Advisor Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $205,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Advisors boosted its position in shares of Invesco NASDAQ 100 ETF by 5.0% in the 3rd quarter. PFG Advisors now owns 13,593 shares of the company’s stock worth $3,359,000 after purchasing an additional 653 shares in the last quarter. Diversify Advisory Services LLC grew its stake in Invesco NASDAQ 100 ETF by 6.3% during the 3rd quarter. Diversify Advisory Services LLC now owns 6,502 shares of the company’s stock worth $1,692,000 after buying an additional 383 shares during the last quarter. Goodman Advisory Group LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $1,423,000. Parallel Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 66.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,267 shares of the company’s stock valued at $313,000 after buying an additional 505 shares in the last quarter. Finally, Integrated Capital Management LLC raised its stake in Invesco NASDAQ 100 ETF by 12,660.9% in the third quarter. Integrated Capital Management LLC now owns 110,892 shares of the company’s stock valued at $28,674,000 after buying an additional 110,023 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $246.97 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a market cap of $70.84 billion, a PE ratio of 31.95 and a beta of 1.16. The business has a 50-day simple moving average of $253.05 and a two-hundred day simple moving average of $250.22.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.323 dividend. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.