2,496 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,496 shares of the company’s stock, valued at approximately $617,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after acquiring an additional 1,715,025 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Invesco NASDAQ 100 ETF by 0.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after purchasing an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco NASDAQ 100 ETF by 14.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock valued at $764,588,000 after purchasing an additional 433,686 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% in the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock valued at $560,746,000 after purchasing an additional 469,957 shares in the last quarter. Finally, Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $538,021,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $250.06 on Monday. The stock has a 50-day simple moving average of $253.73 and a 200 day simple moving average of $249.76. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The company has a market cap of $71.73 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost 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.