Betterment LLC Purchases 3,810 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Betterment LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,151 shares of the company’s stock after buying an additional 3,810 shares during the quarter. Betterment LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Strategic Financial Concepts LLC raised its position in Invesco NASDAQ 100 ETF by 26,756.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after purchasing an additional 6,174,281 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $374,557,000. Invesco Ltd. raised its stake in Invesco NASDAQ 100 ETF by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after acquiring an additional 1,170,093 shares in the last quarter. IMC Chicago LLC acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $208,737,000. Finally, Bank of Nova Scotia bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $158,702,000.

Invesco NASDAQ 100 ETF Trading Up 1.1 %

Shares of Invesco NASDAQ 100 ETF stock opened at $194.56 on Friday. The firm’s 50 day moving average is $195.33 and its 200 day moving average is $205.87. The firm has a market capitalization of $41.12 billion, a PE ratio of 27.89 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.3176 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date was Monday, March 24th.

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.