New Perspectives Inc Increases Holdings in Invesco NASDAQ 100 ETF $QQQM

New Perspectives Inc raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,221 shares of the company’s stock after acquiring an additional 2,604 shares during the period. Invesco NASDAQ 100 ETF makes up 3.1% of New Perspectives Inc’s investment portfolio, making the stock its 7th largest position. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $10,065,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bison Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $393,000. Capstone Wealth Management Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $534,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $301.41 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21. The company has a market capitalization of $103.46 billion, a P/E ratio of 31.95 and a beta of 1.23. The company has a fifty day moving average of $293.38 and a 200-day moving average of $273.55.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders 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 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.