Barings LLC Raises Stake in Invesco NASDAQ 100 ETF $QQQM

Barings LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 19.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,184 shares of the company’s stock after purchasing an additional 6,514 shares during the quarter. Barings LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,311,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Nicholas Wealth LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $1,164,000. Bank of New York Mellon Corp grew its stake in Invesco NASDAQ 100 ETF by 8.1% in the 4th 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 during the last quarter. Galvin Gaustad & Stein LLC grew its stake in Invesco NASDAQ 100 ETF by 1,046.7% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock valued at $12,859,000 after acquiring an additional 46,409 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 34.7% during the 4th quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock valued at $21,683,000 after acquiring an additional 22,077 shares in the last quarter. Finally, EdgeRock Capital LLC increased its holdings in Invesco NASDAQ 100 ETF by 2.5% during the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after acquiring an additional 3,809 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.7%

Shares of QQQM opened at $290.68 on Friday. The stock has a market cap of $97.89 billion, a P/E ratio of 31.95 and a beta of 1.22. The company has a 50-day moving average of $296.69 and a two-hundred day moving average of $268.77. Invesco NASDAQ 100 ETF has a 12-month low of $227.00 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.