Cerity Partners LLC Boosts Position in Invesco NASDAQ 100 ETF $QQQM

Cerity Partners LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 492,190 shares of the company’s stock after purchasing an additional 83,703 shares during the quarter. Cerity Partners LLC owned approximately 0.17% of Invesco NASDAQ 100 ETF worth $124,485,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Next Capital Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 34.0% during the fourth quarter. Next Capital Management LLC now owns 11,175 shares of the company’s stock worth $2,826,000 after purchasing an additional 2,837 shares during the last quarter. Omnitrust Wealth Management Inc purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $4,453,000. O Shaughnessy Asset Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 35.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,496 shares of the company’s stock valued at $1,643,000 after buying an additional 1,710 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco NASDAQ 100 ETF by 61.9% in the fourth quarter. JPMorgan Chase & Co. now owns 133,225 shares of the company’s stock valued at $33,695,000 after buying an additional 50,933 shares during the last quarter. Finally, SouthState Bank Corp purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $306,000.

Invesco NASDAQ 100 ETF Trading Up 1.5%

Shares of NASDAQ QQQM opened at $294.81 on Tuesday. Invesco NASDAQ 100 ETF has a twelve month low of $215.55 and a twelve month high of $308.21. The stock has a 50 day moving average of $275.73 and a two-hundred day moving average of $260.26. The stock has a market cap of $88.50 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.