D.A. Davidson & CO. Increases Holdings in Invesco NASDAQ 100 ETF $QQQM

D.A. Davidson & CO. lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 26.1% during the first quarter, HoldingsChannel reports. The firm owned 14,590 shares of the company’s stock after purchasing an additional 3,019 shares during the quarter. D.A. Davidson & CO.’s holdings in Invesco NASDAQ 100 ETF were worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Nicholas Wealth LLC. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $1,164,000. Bank of New York Mellon Corp increased its position in Invesco NASDAQ 100 ETF by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after buying an additional 62,705 shares during the last quarter. Galvin Gaustad & Stein LLC increased its position in Invesco NASDAQ 100 ETF by 1,046.7% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after buying an additional 46,409 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 34.7% in the fourth quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock valued at $21,683,000 after buying an additional 22,077 shares during the period. Finally, EdgeRock Capital LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 2.5% in the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after buying an additional 3,809 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $286.31 on Monday. Invesco NASDAQ 100 ETF has a one year low of $227.00 and a one year high of $308.21. The business’s fifty day moving average price is $296.55 and its 200-day moving average price is $268.98. The stock has a market capitalization of $96.50 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. 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.