Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stock Position Raised by Meitav Investment House Ltd.

Meitav Investment House Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.7% in the third quarter, Holdings Channel.com reports. The fund owned 1,589,538 shares of the company’s stock after purchasing an additional 324,887 shares during the period. Invesco NASDAQ 100 ETF makes up about 5.3% of Meitav Investment House Ltd.’s holdings, making the stock its 3rd largest holding. Meitav Investment House Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $319,132,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after buying an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after purchasing an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives increased its stake in shares of Invesco NASDAQ 100 ETF by 260.2% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after purchasing an additional 1,712,000 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco NASDAQ 100 ETF by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after acquiring an additional 283,257 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,457,528 shares of the company’s stock valued at $292,744,000 after acquiring an additional 45,946 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $202.74 on Thursday. The firm has a market cap of $34.74 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $142.62 and a 1 year high of $207.24. The firm’s 50 day moving average price is $198.16 and its two-hundred day moving average price is $192.62.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.