Bank of New York Mellon Corp Acquires 62,705 Shares of Invesco NASDAQ 100 ETF $QQQM

Bank of New York Mellon Corp increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 835,930 shares of the company’s stock after purchasing an additional 62,705 shares during the period. Bank of New York Mellon Corp’s holdings in Invesco NASDAQ 100 ETF were worth $211,423,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $25,000. New Millennium Group LLC boosted its position in Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter worth about $31,000. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter worth approximately $31,000. Finally, Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $46,000.

Invesco NASDAQ 100 ETF Trading Down 4.8%

QQQM opened at $290.35 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21. The company has a market capitalization of $87.16 billion, a PE ratio of 31.95 and a beta of 1.23. The firm’s 50 day simple moving average is $274.56 and its two-hundred day simple moving average is $259.83.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%.

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.