Raymond James & Associates Boosts Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Raymond James & Associates boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.6% in the 1st quarter, Holdings Channel reports. The fund owned 354,172 shares of the company’s stock after acquiring an additional 33,818 shares during the quarter. Raymond James & Associates’ holdings in Invesco NASDAQ 100 ETF were worth $64,704,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. M&R Capital Management Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth approximately $28,000. Clearstead Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $30,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $32,000. Larson Financial Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 120.5% during the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 106 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $34,000.

Invesco NASDAQ 100 ETF Trading Up 2.0 %

QQQM stock traded up $3.55 during trading on Friday, reaching $179.20. 1,944,793 shares of the stock were exchanged, compared to its average volume of 1,832,171. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business has a 50 day moving average price of $179.65 and a 200-day moving average price of $169.75. Invesco NASDAQ 100 ETF has a 1 year low of $129.60 and a 1 year high of $184.88.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a dividend of $0.3454 per share. This represents a $1.38 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, March 18th.

About Invesco NASDAQ 100 ETF

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.