New Perspectives Inc Grows Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

New Perspectives Inc boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,227 shares of the company’s stock after purchasing an additional 2,367 shares during the period. Invesco NASDAQ 100 ETF comprises 1.9% of New Perspectives Inc’s investment portfolio, making the stock its 8th biggest position. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $3,625,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after purchasing an additional 74 shares during the period. Creative Planning grew its stake in shares of Invesco NASDAQ 100 ETF by 11.6% during the 3rd quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after acquiring an additional 2,149 shares during the period. Assetmark Inc. increased its holdings in Invesco NASDAQ 100 ETF by 60.8% in the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after acquiring an additional 284 shares during the last quarter. HighTower Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after acquiring an additional 9,469 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 9,318.8% during the third quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after purchasing an additional 1,491 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

NASDAQ:QQQM opened at $218.05 on Monday. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $221.92. The stock has a market cap of $42.31 billion, a P/E ratio of 34.39 and a beta of 1.18. The business’s 50-day moving average price is $213.18 and its two-hundred day moving average price is $203.03.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

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.