Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stock Position Raised by Bank of Montreal Can

Bank of Montreal Can increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2,926.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,004 shares of the company’s stock after buying an additional 20,310 shares during the period. Bank of Montreal Can’s holdings in Invesco NASDAQ 100 ETF were worth $4,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Diversified LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 1.1% during the 3rd quarter. Diversified LLC now owns 88,892 shares of the company’s stock worth $17,854,000 after purchasing an additional 963 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $58,000. Larson Financial Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 15.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,042 shares of the company’s stock valued at $410,000 after acquiring an additional 275 shares during the last quarter. Lane & Associates LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 4.5% in the 3rd quarter. Lane & Associates LLC now owns 3,378 shares of the company’s stock valued at $679,000 after acquiring an additional 146 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 15.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 30,993 shares of the company’s stock worth $6,225,000 after purchasing an additional 4,089 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.3 %

Shares of QQQM stock opened at $212.75 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $157.44 and a 12 month high of $212.85. The company has a market cap of $36.25 billion, a PE ratio of 34.39 and a beta of 1.18. The business’s 50 day moving average is $204.72 and its two-hundred day moving average is $197.67.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

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.