Evolution Wealth Management Inc. Has $3.15 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Evolution Wealth Management Inc. boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 78.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,258 shares of the company’s stock after buying an additional 5,828 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 2.3% of Evolution Wealth Management Inc.’s portfolio, making the stock its 8th biggest position. Evolution Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. boosted its position in Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after acquiring an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after purchasing an additional 3,005,140 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 11.9% in the fourth quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after purchasing an additional 313,262 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $293.42 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $226.25 and a 12 month high of $308.21. The company’s fifty day simple moving average is $293.32 and its 200-day simple moving average is $266.06. The firm has a market cap of $98.16 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.