Raymond James & Associates Has $53.99 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Raymond James & Associates lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,354 shares of the company’s stock after buying an additional 88,108 shares during the period. Raymond James & Associates owned about 0.29% of Invesco NASDAQ 100 ETF worth $53,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of QQQM. LPL Financial LLC raised its holdings in Invesco NASDAQ 100 ETF by 12.4% during the third quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock worth $572,426,000 after acquiring an additional 428,164 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Invesco NASDAQ 100 ETF by 8.4% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,393,233 shares of the company’s stock worth $500,196,000 after acquiring an additional 262,963 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Invesco NASDAQ 100 ETF by 4.6% during the second quarter. Osaic Holdings Inc. now owns 1,754,755 shares of the company’s stock worth $266,764,000 after acquiring an additional 76,645 shares in the last quarter. Morgan Stanley raised its holdings in Invesco NASDAQ 100 ETF by 26.3% during the third quarter. Morgan Stanley now owns 1,438,665 shares of the company’s stock worth $212,074,000 after acquiring an additional 299,688 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 54.5% during the first quarter. Invesco Ltd. now owns 1,167,736 shares of the company’s stock worth $173,958,000 after acquiring an additional 412,101 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.4 %

NASDAQ:QQQM opened at $183.07 on Thursday. The stock’s 50 day moving average price is $178.58 and its two-hundred day moving average price is $164.47. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 21.58 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $125.34 and a 12-month high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 annualized dividend and a yield of 0.75%.

Invesco NASDAQ 100 ETF Company Profile

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.