Wealthfront Advisers LLC Has $16.68 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Wealthfront Advisers LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,482 shares of the company’s stock after purchasing an additional 19,135 shares during the quarter. Wealthfront Advisers LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vantagepoint Investment Advisers LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $538,021,000. Invesco Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 18.8% in the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after purchasing an additional 1,715,025 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Invesco NASDAQ 100 ETF by 73.1% in the second 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 during the period. Soundwatch Capital LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $3,159,000. Finally, Bank of Nova Scotia acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $277,718,000.

Invesco NASDAQ 100 ETF Stock Down 0.5%

Shares of NASDAQ:QQQM opened at $251.78 on Wednesday. The company has a market cap of $72.22 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50 day moving average price of $255.02 and a 200 day moving average price of $248.34. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

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 given a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd.

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.