Next Capital Management LLC Acquires 2,837 Shares of Invesco NASDAQ 100 ETF $QQQM

Next Capital Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,175 shares of the company’s stock after acquiring an additional 2,837 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 0.9% of Next Capital Management LLC’s portfolio, making the stock its 26th largest position. Next Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,826,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares during the last quarter. Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $290.35 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21. The firm has a market capitalization of $87.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The company’s 50 day moving average price is $274.56 and its two-hundred day moving average price is $259.91.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.