Invesco NASDAQ 100 ETF $QQQM Position Lifted by Waddell & Associates LLC

Waddell & Associates LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,399 shares of the company’s stock after acquiring an additional 3,978 shares during the period. Invesco NASDAQ 100 ETF accounts for 4.1% of Waddell & Associates LLC’s portfolio, making the stock its 10th largest position. Waddell & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $49,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Zhang Financial LLC raised its holdings in Invesco NASDAQ 100 ETF by 31.4% in the third quarter. Zhang Financial LLC now owns 9,345 shares of the company’s stock worth $2,309,000 after purchasing an additional 2,232 shares in the last quarter. Rollins Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 4.4% during the third quarter. Rollins Financial Advisors LLC now owns 68,434 shares of the company’s stock valued at $16,911,000 after acquiring an additional 2,891 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $9,112,000. Thoroughbred Financial Services LLC increased its position in shares of Invesco NASDAQ 100 ETF by 8.9% during the third quarter. Thoroughbred Financial Services LLC now owns 112,661 shares of the company’s stock worth $27,841,000 after purchasing an additional 9,244 shares in the last quarter. Finally, Colonial Trust Co SC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $131,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $250.31 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The business has a fifty day moving average price of $253.68 and a 200-day moving average price of $249.47. The stock has a market capitalization of $71.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

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.