Central Pacific Bank Trust Division Has $13.81 Million Position in Invesco NASDAQ 100 ETF $QQQM

Central Pacific Bank Trust Division boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 65.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 45,590 shares of the company’s stock after acquiring an additional 17,992 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.4% of Central Pacific Bank Trust Division’s portfolio, making the stock its 8th largest holding. Central Pacific Bank Trust Division’s holdings in Invesco NASDAQ 100 ETF were worth $13,812,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in QQQM. Sandy Cove Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 9.4% in the 2nd quarter. Sandy Cove Advisors LLC now owns 13,478 shares of the company’s stock worth $4,083,000 after buying an additional 1,157 shares during the period. CoreCap Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 5.1% during the second quarter. CoreCap Advisors LLC now owns 7,151 shares of the company’s stock worth $2,167,000 after acquiring an additional 346 shares in the last quarter. Bulwark Capital Corp boosted its holdings in shares of Invesco NASDAQ 100 ETF by 67.2% in the second quarter. Bulwark Capital Corp now owns 2,591 shares of the company’s stock worth $785,000 after acquiring an additional 1,041 shares during the period. RDA Financial Network grew its position in shares of Invesco NASDAQ 100 ETF by 2.3% in the second quarter. RDA Financial Network now owns 9,844 shares of the company’s stock valued at $2,982,000 after purchasing an additional 220 shares in the last quarter. Finally, Dogwood Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 2.5% in the second quarter. Dogwood Wealth Management LLC now owns 51,179 shares of the company’s stock valued at $15,506,000 after purchasing an additional 1,226 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $298.03 on Wednesday. The business’s fifty day moving average is $294.40 and its 200 day moving average is $271.46. The firm has a market cap of $102.12 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The business 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 was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.