Highland Financial Advisors LLC Has $35.70 Million Stake in Invesco NASDAQ 100 ETF $QQQM

by · The Markets Daily

Highland Financial Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,453 shares of the company’s stock after buying an additional 5,728 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 10.2% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Highland Financial Advisors LLC owned 0.06% of Invesco NASDAQ 100 ETF worth $35,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQM. Bison Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $393,000. Capstone Wealth Management Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Invesco NASDAQ 100 ETF by 40.4% in the first quarter. Baird Financial Group Inc. now owns 9,230 shares of the company’s stock worth $1,782,000 after purchasing an additional 2,654 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 35.6% during the first quarter. AQR Capital Management LLC now owns 38,723 shares of the company’s stock valued at $7,474,000 after buying an additional 10,157 shares during the period. Finally, Scientech Research LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 261.6% during the first quarter. Scientech Research LLC now owns 4,523 shares of the company’s stock valued at $873,000 after buying an additional 3,272 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $254.43 on Tuesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a market cap of $70.50 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average price is $253.85 and its 200-day moving average price is $243.28.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.323 dividend. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%.

Invesco NASDAQ 100 ETF Profile

(Free Report)

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.

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