jvl associates llc Acquires 5,229 Shares of Invesco NASDAQ 100 ETF $QQQM

jvl associates llc raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,430 shares of the company’s stock after acquiring an additional 5,229 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 1.5% of jvl associates llc’s investment portfolio, making the stock its 12th biggest position. jvl associates llc’s holdings in Invesco NASDAQ 100 ETF were worth $4,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of QQQM. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at $538,021,000. Invesco Ltd. boosted its position in shares of Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares during the last quarter. Bank of Nova Scotia bought a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $277,718,000. Mizuho Bank Ltd. bought a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $272,520,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Invesco NASDAQ 100 ETF by 4,547.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock worth $228,467,000 after buying an additional 904,626 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $242.07 on Tuesday. The stock has a market capitalization of $69.44 billion, a P/E ratio of 31.95 and a beta of 1.16. The company’s 50-day simple moving average is $251.03 and its two-hundred day simple moving average is $251.08. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.3277 per share. The ex-dividend date of this dividend is Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend 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.