Evensky & Katz LLC Has $9.48 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Evensky & Katz LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,473 shares of the company’s stock after purchasing an additional 2,724 shares during the period. Invesco NASDAQ 100 ETF accounts for about 0.5% of Evensky & Katz LLC’s portfolio, making the stock its 24th largest holding. Evensky & Katz LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bright Futures Wealth Management LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $617,000. Bank Hapoalim BM purchased a new position in Invesco NASDAQ 100 ETF during the third quarter valued at $35,091,000. Aspire Growth Partners LLC lifted its position in Invesco NASDAQ 100 ETF by 12.4% during the third quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock valued at $6,166,000 after purchasing an additional 2,747 shares in the last quarter. Drake & Associates LLC lifted its position in Invesco NASDAQ 100 ETF by 4.7% during the third quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock valued at $12,845,000 after purchasing an additional 2,268 shares in the last quarter. Finally, Atria Investments Inc lifted its position in Invesco NASDAQ 100 ETF by 6.1% during the third quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock valued at $14,093,000 after purchasing an additional 3,275 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $291.89 on Monday. The company has a market capitalization of $87.62 billion, a PE ratio of 31.95 and a beta of 1.21. The business’s fifty day moving average is $258.72 and its 200 day moving average is $255.35. Invesco NASDAQ 100 ETF has a fifty-two week low of $208.18 and a fifty-two week high of $297.29.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF Company 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.