Royal Bank of Canada Increases Position in Invesco NASDAQ 100 ETF $QQQM

Royal Bank of Canada raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 35.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,743,076 shares of the company’s stock after acquiring an additional 456,274 shares during the period. Royal Bank of Canada owned approximately 0.58% of Invesco NASDAQ 100 ETF worth $414,189,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Garner Asset Management Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $25,000. Imprint Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Osbon Capital Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $41,000. SJS Investment Consulting Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth approximately $40,000. Finally, Signature Equity Partners LLC boosted its stake in Invesco NASDAQ 100 ETF by 19,600.0% during the first quarter. Signature Equity Partners LLC now owns 197 shares of the company’s stock worth $47,000 after buying an additional 196 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.0%

Shares of NASDAQ:QQQM opened at $278.14 on Wednesday. The business has a fifty day moving average of $295.51 and a two-hundred day moving average of $270.49. The stock has a market cap of $94.88 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $227.00 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 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.