Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 934,161 shares of the company’s stock after purchasing an additional 45,254 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 8.1% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its biggest holding. Gerber Kawasaki Wealth & Investment Management owned approximately 0.33% of Invesco NASDAQ 100 ETF worth $236,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. New Millennium Group LLC raised its holdings in shares of 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 acquiring an additional 94 shares during the last quarter. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $31,000. Finally, Bank & Trust Co purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $46,000.

Invesco NASDAQ 100 ETF Stock Up 0.7%

Shares of NASDAQ:QQQM opened at $297.01 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21. The stock’s fifty day simple moving average is $280.33 and its 200-day simple moving average is $261.51. The company has a market capitalization of $89.16 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.