One Day In July LLC Buys 7,411 Shares of Invesco NASDAQ 100 ETF $QQQM

One Day In July LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 249,241 shares of the company’s stock after acquiring an additional 7,411 shares during the period. Invesco NASDAQ 100 ETF comprises about 5.2% of One Day In July LLC’s investment portfolio, making the stock its 7th biggest position. One Day In July LLC’s holdings in Invesco NASDAQ 100 ETF were worth $63,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QQQM. Bison Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC raised its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares during the period. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $293.71 on Tuesday. The stock has a market capitalization of $88.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The firm’s 50 day simple moving average is $255.24 and its 200-day simple moving average is $254.22. Invesco NASDAQ 100 ETF has a 12 month low of $206.47 and a 12 month high of $294.22.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared 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 is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend 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.