Next Capital Management LLC Has $2.83 Million Position in Invesco NASDAQ 100 ETF $QQQM

Next Capital Management LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,175 shares of the company’s stock after buying an additional 2,837 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 0.9% of Next Capital Management LLC’s portfolio, making the stock its 26th largest holding. Next Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garner Asset Management Corp acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $25,000. New Millennium Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $31,000. Finally, Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $46,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $290.35 on Monday. The firm has a market capitalization of $87.16 billion, a PE ratio of 31.95 and a beta of 1.23. The firm’s 50 day moving average is $274.56 and its 200 day moving average is $259.91. Invesco NASDAQ 100 ETF has a 1 year low of $215.55 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

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