Raymond James Financial Services Advisors Inc. Has $243.81 Million Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 1,334,544 shares of the company’s stock after buying an additional 73,946 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $243,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of QQQM. M&R Capital Management Inc. bought a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at $28,000. Clearstead Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $30,000. Creekmur Asset Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Larson Financial Group LLC raised its stake in Invesco NASDAQ 100 ETF by 120.5% during the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 106 shares during the period. Finally, CVA Family Office LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $34,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock traded down $3.38 during mid-day trading on Tuesday, reaching $174.68. The stock had a trading volume of 1,225,503 shares, compared to its average volume of 1,841,951. The firm has a market capitalization of $22.46 billion, a PE ratio of 35.17 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $129.60 and a fifty-two week high of $184.88. The stock’s 50-day simple moving average is $179.79 and its 200-day simple moving average is $169.36.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.3454 dividend. This represents a $1.38 annualized dividend and a yield of 0.79%. The ex-dividend date was Monday, March 18th.

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.