Cetera Investment Advisers Grows Holdings in Invesco NASDAQ 100 ETF $QQQM

Cetera Investment Advisers lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,458,502 shares of the company’s stock after acquiring an additional 221,685 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 0.6% of Cetera Investment Advisers’ investment portfolio, making the stock its 24th largest position. Cetera Investment Advisers owned 0.61% of Invesco NASDAQ 100 ETF worth $331,226,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $90,815,000. Raymond James Financial Inc. grew its stake 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 buying an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 buying an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 buying an additional 368,544 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in shares of Invesco NASDAQ 100 ETF by 88.5% in 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 buying an additional 271,551 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $250.65 on Friday. The business has a 50-day moving average of $249.42 and a 200 day moving average of $232.42. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a market capitalization of $65.65 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.