Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stock Position Raised by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 130,986 shares of the company’s stock after buying an additional 7,551 shares during the period. Invesco NASDAQ 100 ETF comprises 4.7% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 7th largest position. Arthur M. Cohen & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $25,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in shares of Invesco NASDAQ 100 ETF by 260.2% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after acquiring an additional 1,712,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after acquiring an additional 283,257 shares during the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 25.7% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock worth $319,132,000 after acquiring an additional 324,887 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $201.23 on Tuesday. The company’s fifty day simple moving average is $198.38 and its 200-day simple moving average is $193.24. The stock has a market capitalization of $34.29 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $150.95 and a 1-year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Monday, September 23rd.

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.