Invesco NASDAQ 100 ETF $QQQM is 360 Financial Inc.’s 2nd Largest Position

360 Financial Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 136,261 shares of the company’s stock after buying an additional 3,002 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 10.9% of 360 Financial Inc.’s investment portfolio, making the stock its 2nd largest holding. 360 Financial Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $33,673,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Jackson Hole Capital Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at about $25,000. Wolff Wiese Magana LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $26,000. New Millennium Group LLC raised its position in Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $28,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $250.88 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The firm has a market cap of $71.96 billion, a P/E ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average price is $253.81 and its 200-day moving average price is $249.51.

Invesco NASDAQ 100 ETF Increases Dividend

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