Motiv8 Investments LLC Raises Position in Invesco NASDAQ 100 ETF $QQQM

Motiv8 Investments LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,679 shares of the company’s stock after buying an additional 779 shares during the period. Invesco NASDAQ 100 ETF comprises about 1.3% of Motiv8 Investments LLC’s holdings, making the stock its 19th largest position. Motiv8 Investments LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $90,815,000. Raymond James Financial Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after acquiring an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after acquiring an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF by 14.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after purchasing an additional 368,544 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after purchasing an additional 271,551 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $248.32 on Monday. The company has a market capitalization of $63.69 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $249.99. The company has a 50-day simple moving average of $238.71 and a 200 day simple moving average of $219.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.