Hill Island Financial LLC Has $23.68 Million Position in Invesco NASDAQ 100 ETF $QQQM

Hill Island Financial LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,637 shares of the company’s stock after purchasing an additional 2,544 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 5.7% of Hill Island Financial LLC’s portfolio, making the stock its 5th biggest holding. Hill Island Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $23,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of QQQM. Jackson Hole Capital Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $26,000. New Millennium Group LLC grew 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 in the last quarter. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $28,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth approximately $31,000.

Invesco NASDAQ 100 ETF Stock Up 3.0%

Shares of NASDAQ QQQM opened at $249.54 on Thursday. The business’s 50 day moving average price is $247.02 and its two-hundred day moving average price is $250.85. The company has a market cap of $72.35 billion, a PE ratio of 31.95 and a beta of 1.19. Invesco NASDAQ 100 ETF has a twelve month low of $171.05 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco NASDAQ 100 ETF Profile

(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.

Further Reading

Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Receive News & Ratings for Invesco NASDAQ 100 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco NASDAQ 100 ETF and related companies with MarketBeat.com's FREE daily email newsletter.