Meitav Investment House Ltd. Raises Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Meitav Investment House Ltd. increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,576,146 shares of the company’s stock after purchasing an additional 520,102 shares during the period. Invesco NASDAQ 100 ETF accounts for 6.7% of Meitav Investment House Ltd.’s holdings, making the stock its 2nd biggest holding. Meitav Investment House Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $612,143,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $393,000. Capstone Wealth Management Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares during the last quarter. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF during the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $534,000.

Invesco NASDAQ 100 ETF Stock Down 2.1%

NASDAQ QQQM traded down $6.31 on Tuesday, reaching $291.21. The company had a trading volume of 1,504,511 shares, compared to its average volume of 4,580,417. The stock has a market capitalization of $97.30 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 12 month low of $226.88 and a 12 month high of $308.21. The firm’s 50 day moving average price is $293.90 and its 200 day moving average price is $266.49.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 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.