B&D White Capital Company LLC Buys 14,772 Shares of Invesco NASDAQ 100 ETF $QQQM

B&D White Capital Company LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 116,940 shares of the company’s stock after purchasing an additional 14,772 shares during the period. Invesco NASDAQ 100 ETF comprises 3.7% of B&D White Capital Company LLC’s investment portfolio, making the stock its 8th biggest position. B&D White Capital Company LLC’s holdings in Invesco NASDAQ 100 ETF were worth $28,898,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Invesco Ltd. raised its position in Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after acquiring an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after purchasing an additional 1,630,000 shares during the period. Soundwatch Capital LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $3,159,000. Bank of Nova Scotia purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $277,718,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $272,520,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $256.86 on Thursday. The firm has a market cap of $71.17 billion, a PE ratio of 31.95 and a beta of 1.16. The firm’s fifty day moving average is $253.67 and its 200 day moving average is $243.65. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF Company 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.