Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Brookstone Capital Management

Brookstone Capital Management boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.4% during the 4th quarter, HoldingsChannel reports. The firm owned 97,799 shares of the company’s stock after buying an additional 22,793 shares during the quarter. Brookstone Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $24,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its position in Invesco NASDAQ 100 ETF by 1,473.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after acquiring an additional 5,333 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $617,000. Evolution Wealth Management Inc. boosted its position in Invesco NASDAQ 100 ETF by 51,972.7% during the 3rd quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after acquiring an additional 5,717 shares during the period. Boyum Wealth Architects LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares in the last quarter. Finally, Bank Hapoalim BM bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth $35,091,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $229.87 on Tuesday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The stock’s fifty day moving average is $249.02 and its 200-day moving average is $250.99. The firm has a market capitalization of $65.94 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.