Anchor Investment Management LLC Has $19.50 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Anchor Investment Management LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 83.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 77,109 shares of the company’s stock after buying an additional 35,037 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.6% of Anchor Investment Management LLC’s holdings, making the stock its 13th largest position. Anchor Investment Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $19,502,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $25,000. New Millennium Group LLC lifted its position in Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Bank & Trust Co acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $46,000. Finally, Monetary Solutions Ltd bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $50,000.

Invesco NASDAQ 100 ETF Stock Up 2.3%

Shares of NASDAQ:QQQM opened at $304.52 on Friday. The stock has a market cap of $91.41 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The business’s 50 day moving average is $285.18 and its 200 day moving average is $262.99.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.3277 dividend. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. 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.

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.