AlTi Global Inc. Acquires 24,000 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

AlTi Global Inc. raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 100.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,000 shares of the company’s stock after buying an additional 24,000 shares during the period. AlTi Global Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $10,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Strategic Financial Concepts LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 26,756.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after acquiring an additional 6,174,281 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $374,557,000. Invesco Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock valued at $1,962,081,000 after purchasing an additional 1,170,093 shares during the period. IMC Chicago LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $208,737,000. Finally, Bank of Nova Scotia bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $158,702,000.

Invesco NASDAQ 100 ETF Trading Up 1.6 %

NASDAQ:QQQM opened at $201.24 on Friday. The firm has a market capitalization of $42.93 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. The firm’s fifty day simple moving average is $193.33 and its 200 day simple moving average is $205.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.3176 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.