Dorsey & Whitney Trust CO LLC Acquires 12,070 Shares of Invesco NASDAQ 100 ETF $QQQM

Dorsey & Whitney Trust CO LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 186.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,540 shares of the company’s stock after purchasing an additional 12,070 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. RM Financial Services LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $330,000. Fortune Financial Group Inc. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $845,000. GWN Securities Inc. lifted its position in Invesco NASDAQ 100 ETF by 15.3% during the fourth quarter. GWN Securities Inc. now owns 1,587 shares of the company’s stock valued at $401,000 after purchasing an additional 210 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Invesco NASDAQ 100 ETF by 1.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 110,000 shares of the company’s stock valued at $27,821,000 after purchasing an additional 1,407 shares during the last quarter. Finally, Capital Analysts LLC lifted its position in Invesco NASDAQ 100 ETF by 8.6% during the fourth quarter. Capital Analysts LLC now owns 7,151 shares of the company’s stock valued at $1,808,000 after purchasing an additional 568 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.9%

QQQM stock opened at $285.92 on Thursday. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21. The company has a fifty day simple moving average of $278.05 and a two-hundred day simple moving average of $260.89. The firm has a market capitalization of $85.83 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF 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.