Invesco NASDAQ 100 ETF $QQQM Shares Purchased by New Perspectives Inc

New Perspectives Inc boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,885 shares of the company’s stock after purchasing an additional 1,314 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 2.2% of New Perspectives Inc’s portfolio, making the stock its 9th largest position. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $4,516,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. National Mutual Insurance Federation of Agricultural Cooperatives grew its stake in shares of Invesco NASDAQ 100 ETF by 5.9% in the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock worth $630,210,000 after acquiring an additional 182,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after acquiring an additional 368,544 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after acquiring an additional 421,792 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after acquiring an additional 68,935 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after acquiring an additional 410,340 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.4%

NASDAQ:QQQM opened at $245.37 on Monday. The company has a fifty day simple moving average of $237.14 and a two-hundred day simple moving average of $217.47. The company has a market cap of $58.83 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $248.17.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

Invesco NASDAQ 100 ETF Company 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.