Ascent Advisors LLC Makes New $6.31 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Ascent Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,567 shares of the company’s stock, valued at approximately $6,313,000. Invesco NASDAQ 100 ETF accounts for 10.0% of Ascent Advisors LLC’s holdings, making the stock its 3rd biggest position.

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

Invesco NASDAQ 100 ETF Stock Up 0.2%

QQQM stock opened at $292.87 on Thursday. The company has a market cap of $97.99 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The business has a fifty day simple moving average of $294.66 and a 200-day simple moving average of $267.10. Invesco NASDAQ 100 ETF has a 52 week low of $227.00 and a 52 week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.