Harbour Investments Inc. Has $7.25 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Harbour Investments Inc. lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 79.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,667 shares of the company’s stock after acquiring an additional 12,702 shares during the period. Harbour Investments Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,250,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of QQQM. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $393,000. Capstone Wealth Management Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after buying an additional 3,220 shares during the period. Goldman Sachs Group Inc. grew its position 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 buying an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $534,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $300.68 on Wednesday. The stock has a market capitalization of $90.26 billion, a PE ratio of 31.95 and a beta of 1.21. The business has a fifty day moving average price of $265.13 and a two-hundred day moving average price of $257.10. Invesco NASDAQ 100 ETF has a fifty-two week low of $210.80 and a fifty-two week high of $301.05.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco NASDAQ 100 ETF 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.