Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 408,487 shares of the company’s stock after acquiring an additional 26,903 shares during the quarter. Cerity Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $100,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares during the period. AQR Capital Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 35.6% during the first quarter. AQR Capital Management LLC now owns 38,723 shares of the company’s stock worth $7,474,000 after purchasing an additional 10,157 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF during the first quarter worth approximately $742,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $256.69 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a market capitalization of $71.12 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50 day moving average price of $253.77 and a two-hundred day moving average price of $243.56.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.