Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Declares $0.24 Dividend

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) announced a dividend on Monday, September 18th, NASDAQ reports. Investors of record on Tuesday, September 19th will be given a dividend of 0.2448 per share on Friday, September 22nd. The ex-dividend date is Monday, September 18th.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $152.49 on Tuesday. The business has a fifty day moving average price of $153.57 and a 200 day moving average price of $142.42. Invesco NASDAQ 100 ETF has a fifty-two week low of $104.62 and a fifty-two week high of $159.57. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 21.58 and a beta of 1.18.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of QQQM. Mirae Asset Global Investments Co. Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 193.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 986,492 shares of the company’s stock valued at $146,958,000 after purchasing an additional 650,217 shares in the last quarter. Invesco Ltd. increased its stake in shares of Invesco NASDAQ 100 ETF by 54.5% in the 1st quarter. Invesco Ltd. now owns 1,167,736 shares of the company’s stock valued at $173,958,000 after buying an additional 412,101 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco NASDAQ 100 ETF by 92.5% in the 1st quarter. Bank of America Corp DE now owns 358,309 shares of the company’s stock valued at $47,300,000 after buying an additional 172,202 shares during the period. Mariner LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $17,327,000. Finally, Main Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 2,141.2% in the 4th quarter. Main Management LLC now owns 93,166 shares of the company’s stock valued at $10,204,000 after buying an additional 89,009 shares during the period.

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.