PFG Investments LLC Acquires New Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

PFG Investments LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,182 shares of the company’s stock, valued at approximately $581,000.

A number of other institutional investors have also recently bought and sold shares of QQQM. Bank of New York Mellon Corp boosted its position in shares of Invesco NASDAQ 100 ETF by 18,603.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 888,621 shares of the company’s stock worth $130,992,000 after purchasing an additional 883,870 shares during the last quarter. Money Design Co. Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 126.0% during the 4th quarter. Money Design Co. Ltd. now owns 785,015 shares of the company’s stock worth $132,306,000 after buying an additional 437,683 shares during the period. Cetera Advisor Networks LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 136.7% in the 4th quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock valued at $125,966,000 after acquiring an additional 431,616 shares during the last quarter. LPL Financial LLC raised its position in shares of Invesco NASDAQ 100 ETF by 12.4% in the 3rd quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after acquiring an additional 428,164 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $65,475,000.

Invesco NASDAQ 100 ETF Stock Up 0.4 %

NASDAQ QQQM traded up $0.71 during trading on Monday, reaching $178.06. 1,590,525 shares of the stock traded hands, compared to its average volume of 1,849,497. The stock’s 50-day moving average price is $179.81 and its 200 day moving average price is $169.19. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $129.60 and a fifty-two week high of $184.88.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a dividend of $0.3454 per share. This represents a $1.38 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, March 18th.

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.