Parallel Advisors LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Parallel Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 286.4% during the first quarter, HoldingsChannel reports. The firm owned 4,830 shares of the company’s stock after purchasing an additional 3,580 shares during the quarter. Parallel Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its position in Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after acquiring an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after acquiring an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after acquiring an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after purchasing an additional 313,262 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its stake in shares of Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.5%

Shares of QQQM stock opened at $290.42 on Thursday. Invesco NASDAQ 100 ETF has a 12 month low of $227.00 and a 12 month high of $308.21. The stock has a market cap of $98.04 billion, a PE ratio of 31.95 and a beta of 1.22. The company’s fifty day moving average price is $296.35 and its 200-day moving average price is $269.74.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a 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.