E Fund Management Co. Ltd. Makes New $275,000 Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

E Fund Management Co. Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,424 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQM. Ameriprise Financial Inc. increased its stake in Invesco NASDAQ 100 ETF by 36.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,528,582 shares of the company’s stock worth $321,636,000 after purchasing an additional 411,658 shares during the period. Nissay Asset Management Corp Japan ADV acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $66,007,000. Commonwealth Equity Services LLC grew its position in shares of Invesco NASDAQ 100 ETF by 35.6% during the first quarter. Commonwealth Equity Services LLC now owns 860,358 shares of the company’s stock worth $166,066,000 after buying an additional 225,699 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $46,299,000. Finally, US Bancorp DE grew its position in shares of Invesco NASDAQ 100 ETF by 202.1% during the first quarter. US Bancorp DE now owns 282,559 shares of the company’s stock worth $54,540,000 after buying an additional 189,021 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $238.70 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $240.11. The company has a market cap of $57.23 billion, a PE ratio of 31.95 and a beta of 1.18. The business has a 50-day simple moving average of $227.72 and a 200-day simple moving average of $211.52.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a dividend of $0.3161 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 23rd.

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.