Hanseatic Management Services Inc. Acquires New Stake in Invesco NASDAQ 100 ETF $QQQM

Hanseatic Management Services Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,888 shares of the company’s stock, valued at approximately $2,587,000. Invesco NASDAQ 100 ETF makes up 2.5% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in QQQM. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $2,192,000. Ranch Capital Advisors Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 7.0% in the first quarter. Ranch Capital Advisors Inc. now owns 7,069 shares of the company’s stock valued at $1,680,000 after buying an additional 465 shares during the last quarter. Zhang Financial LLC raised its position in shares of Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Zhang Financial LLC now owns 10,464 shares of the company’s stock valued at $2,486,000 after buying an additional 712 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 11.9% during the first quarter. Cornerstone Planning Group LLC now owns 290,204 shares of the company’s stock valued at $68,958,000 after buying an additional 30,808 shares during the period. Finally, Modera Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 13.5% during the first quarter. Modera Wealth Management LLC now owns 4,454 shares of the company’s stock valued at $1,058,000 after buying an additional 529 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $286.31 on Friday. The firm has a market cap of $96.50 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The firm’s 50 day moving average price is $296.55 and its 200 day moving average price is $268.89.

Invesco NASDAQ 100 ETF Dividend Announcement

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 dividend of $0.3522 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend 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.