E Fund Management Hong Kong Co. Ltd. Acquires 5,333 Shares of Invesco NASDAQ 100 ETF $QQQM

E Fund Management Hong Kong Co. Ltd. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,473.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,695 shares of the company’s stock after buying an additional 5,333 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 0.9% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 21st biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $28,000. Pflug Koory LLC acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $32,000. PrairieView Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Mather Group LLC. bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $42,000. Finally, Rosenberg Matthew Hamilton acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $43,000.

Invesco NASDAQ 100 ETF Stock Up 0.9%

NASDAQ:QQQM opened at $256.69 on Wednesday. The business has a 50 day moving average price of $253.77 and a two-hundred day moving average price of $243.56. The company has a market cap of $71.12 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.