Bank of Nova Scotia Takes Position in Invesco NASDAQ 100 ETF $QQQM

Bank of Nova Scotia acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,222,890 shares of the company’s stock, valued at approximately $277,718,000. Invesco NASDAQ 100 ETF makes up 0.6% of Bank of Nova Scotia’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQM. Mark Sheptoff Financial Planning LLC increased its stake in Invesco NASDAQ 100 ETF by 30.7% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 217 shares of the company’s stock valued at $49,000 after buying an additional 51 shares during the period. Uptick Partners LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.4% in the second quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after acquiring an additional 52 shares in the last quarter. Compass Advisory Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 1.3% during the first quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock valued at $927,000 after acquiring an additional 60 shares during the period. Purus Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 0.4% during the first quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after acquiring an additional 61 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 4.5% during the first quarter. Chicago Partners Investment Group LLC now owns 1,614 shares of the company’s stock worth $321,000 after purchasing an additional 69 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $257.53 on Monday. The business has a 50 day moving average price of $251.76 and a two-hundred day moving average price of $237.61. The company has a market capitalization of $67.45 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend 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.