Nomura Asset Management Co. Ltd. Grows Holdings in Invesco NASDAQ 100 ETF $QQQM

Nomura Asset Management Co. Ltd. increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 23.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,225 shares of the company’s stock after acquiring an additional 15,900 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $18,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Western Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.3% during the second quarter. Western Wealth Management LLC now owns 208,704 shares of the company’s stock valued at $47,397,000 after purchasing an additional 6,611 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $68,000. Firestone Capital Management bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $360,000. Kingsview Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF by 67.9% during the second quarter. Kingsview Wealth Management LLC now owns 152,084 shares of the company’s stock valued at $34,538,000 after buying an additional 61,501 shares during the last quarter. Finally, Adapt Wealth Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 1.4% during the second quarter. Adapt Wealth Advisors LLC now owns 91,240 shares of the company’s stock valued at $20,721,000 after buying an additional 1,303 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.2%

NASDAQ QQQM opened at $245.51 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a market cap of $64.30 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s fifty day moving average price is $249.75 and its 200-day moving average price is $233.60.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%.

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.