National Bank of Canada FI Raises Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

National Bank of Canada FI raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 72.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 190 shares of the company’s stock after purchasing an additional 80 shares during the quarter. National Bank of Canada FI’s holdings in Invesco NASDAQ 100 ETF were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco NASDAQ 100 ETF by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after acquiring an additional 80,230 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 6.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after purchasing an additional 83,702 shares during the period. Meitav Investment House Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.4% during the 1st quarter. Meitav Investment House Ltd. now owns 1,264,323 shares of the company’s stock valued at $231,041,000 after purchasing an additional 17,800 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after purchasing an additional 879,707 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Invesco NASDAQ 100 ETF by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 987,227 shares of the company’s stock valued at $194,592,000 after purchasing an additional 57,819 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $195.63 on Monday. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The firm’s fifty day moving average is $193.47 and its 200 day moving average is $188.22. The firm has a market cap of $30.42 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.3199 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, June 24th.

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.