Lido Advisors LLC Purchases 59,006 Shares of Invesco NASDAQ 100 ETF $QQQM

Lido Advisors LLC increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 113.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,004 shares of the company’s stock after purchasing an additional 59,006 shares during the quarter. Lido Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $27,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vantagepoint Investment Advisers LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter valued at $538,021,000. Invesco Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock worth $2,460,590,000 after buying an additional 1,715,025 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Invesco NASDAQ 100 ETF by 73.1% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after acquiring an additional 1,630,000 shares in the last quarter. Soundwatch Capital LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $3,159,000. Finally, Bank of Nova Scotia purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $277,718,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $247.17 on Tuesday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company’s 50-day simple moving average is $252.35 and its 200 day simple moving average is $250.76. The firm has a market capitalization of $70.90 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a dividend yield of 0.5%.

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.