New Perspectives Inc Has $5.47 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

New Perspectives Inc increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,136 shares of the company’s stock after buying an additional 2,251 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 2.4% of New Perspectives Inc’s holdings, making the stock its 10th largest holding. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $5,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after purchasing an additional 1,715,025 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock valued at $1,726,216,000 after purchasing an additional 152,512 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in Invesco NASDAQ 100 ETF by 73.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after purchasing an additional 1,630,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco NASDAQ 100 ETF by 14.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock worth $764,588,000 after buying an additional 433,686 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Invesco NASDAQ 100 ETF by 18.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,887,027 shares of the company’s stock worth $428,543,000 after buying an additional 289,510 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.9%

Invesco NASDAQ 100 ETF stock opened at $256.69 on Wednesday. The company has a 50 day moving average of $253.77 and a 200-day moving average of $243.56. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The stock has a market capitalization of $71.12 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.