Mainstay Capital Management LLC ADV Buys 7,897 Shares of Invesco NASDAQ 100 ETF $QQQM

Mainstay Capital Management LLC ADV boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 5.1% during the 4th quarter, HoldingsChannel reports. The fund owned 161,684 shares of the company’s stock after purchasing an additional 7,897 shares during the period. Invesco NASDAQ 100 ETF accounts for about 3.1% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 12th largest position. Mainstay Capital Management LLC ADV’s holdings in Invesco NASDAQ 100 ETF were worth $40,893,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $25,000. Wolff Wiese Magana LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $26,000. New Millennium Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $267.13 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $176.19 and a 1 year high of $267.62. The business has a 50 day simple moving average of $247.74 and a two-hundred day simple moving average of $251.45. The firm has a market capitalization of $78.48 billion, a PE ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

About Invesco NASDAQ 100 ETF

(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.

Further Reading

• Five stocks we like better than Invesco NASDAQ 100 ETF

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