Drake & Associates LLC Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

Drake & Associates LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,281 shares of the company’s stock after buying an additional 6,220 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 2.8% of Drake & Associates LLC’s investment portfolio, making the stock its 13th biggest holding. Drake & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,235,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Bright Futures Wealth Management LLC. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $617,000. Bank of New York Mellon Corp increased its holdings in shares of Invesco NASDAQ 100 ETF by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after acquiring an additional 62,705 shares in the last quarter. Nicholas Wealth LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $1,164,000. Blue Edge Capital LLC raised its position in shares of Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after purchasing an additional 5,309 shares during the last quarter. Finally, EdgeRock Capital LLC raised its position in shares of Invesco NASDAQ 100 ETF by 2.5% in the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after purchasing an additional 3,809 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 2.3%

QQQM stock opened at $304.52 on Friday. The stock has a market capitalization of $91.41 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21. The firm has a 50 day moving average of $285.18 and a 200 day moving average of $262.99.

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 issued 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco NASDAQ 100 ETF Company 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.