Invesco NASDAQ 100 ETF $QQQM Stock Holdings Increased by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 5.1% during the 4th quarter, Holdings Channel reports. The fund owned 934,161 shares of the company’s stock after acquiring an additional 45,254 shares during the period. Invesco NASDAQ 100 ETF comprises about 8.1% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its biggest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Invesco NASDAQ 100 ETF were worth $236,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QQQM. Garner Asset Management Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $25,000. New Millennium Group LLC increased its stake in Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $31,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $31,000. Finally, Bank & Trust Co acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $46,000.

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Invesco NASDAQ 100 ETF Trading Up 0.7%

Invesco NASDAQ 100 ETF stock opened at $297.01 on Friday. The firm has a market capitalization of $89.16 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock has a fifty day moving average price of $280.33 and a 200 day moving average price of $261.51. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.4%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

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Want to see what other hedge funds are holding QQQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report).

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