Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stake Lifted by Waddell & Associates LLC

Posted by Donna Armstrong on Nov 23rd, 2024

Waddell & Associates LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 187,736 shares of the company’s stock after purchasing an additional 2,794 shares during the quarter. Invesco NASDAQ 100 ETF makes up 4.6% of Waddell & Associates LLC’s portfolio, making the stock its 9th biggest position. Waddell & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $37,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $27,000. Massmutual Trust Co. FSB ADV bought a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $30,000. GAMMA Investing LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth about $36,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $208.18 on Friday. The stock has a market capitalization of $35.48 billion, a P/E ratio of 34.39 and a beta of 1.18. The company’s 50-day simple moving average is $202.69 and its 200-day simple moving average is $195.99. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.58%. The ex-dividend date was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company 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.