Main Management Fund Advisors LLC Has $108.55 Million Position in Invesco NASDAQ 100 ETF $QQQM

Main Management Fund Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 25.2% during the 4th quarter, HoldingsChannel reports. The fund owned 429,200 shares of the company’s stock after buying an additional 86,400 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 9.9% of Main Management Fund Advisors LLC’s portfolio, making the stock its 5th biggest holding. Main Management Fund Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $108,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Florida Financial Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 10.7% in the 4th quarter. Florida Financial Advisors LLC now owns 10,209 shares of the company’s stock worth $2,582,000 after purchasing an additional 984 shares during the last quarter. Redwood Financial Network Corp raised its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Redwood Financial Network Corp now owns 26,229 shares of the company’s stock valued at $6,634,000 after buying an additional 1,051 shares during the last quarter. Main Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 0.4% during the fourth quarter. Main Management LLC now owns 192,645 shares of the company’s stock valued at $48,724,000 after buying an additional 810 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 24.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 71,425 shares of the company’s stock valued at $18,065,000 after buying an additional 14,000 shares during the period. Finally, Essex Financial Services Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.9% in the fourth quarter. Essex Financial Services Inc. now owns 12,154 shares of the company’s stock valued at $3,074,000 after buying an additional 226 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $303.96 on Monday. Invesco NASDAQ 100 ETF has a twelve month low of $210.80 and a twelve month high of $305.33. The company has a market cap of $91.24 billion, a PE ratio of 31.95 and a beta of 1.21. The business’s 50-day simple moving average is $268.46 and its 200 day simple moving average is $258.14.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.

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