Oppenheimer & Co. Inc. Buys 8,439 Shares of Invesco NASDAQ 100 ETF $QQQM

Oppenheimer & Co. Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 88,729 shares of the company’s stock after purchasing an additional 8,439 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $22,441,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sigma Planning Corp boosted its stake in Invesco NASDAQ 100 ETF by 6.4% during the 4th quarter. Sigma Planning Corp now owns 11,491 shares of the company’s stock valued at $2,906,000 after purchasing an additional 692 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Invesco NASDAQ 100 ETF by 31.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 120,630 shares of the company’s stock valued at $30,510,000 after purchasing an additional 28,806 shares during the last quarter. Precision Wealth Strategies LLC boosted its stake in Invesco NASDAQ 100 ETF by 1.7% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,111 shares of the company’s stock valued at $787,000 after purchasing an additional 52 shares during the last quarter. US Bancorp DE boosted its stake in Invesco NASDAQ 100 ETF by 11.2% during the 4th quarter. US Bancorp DE now owns 327,811 shares of the company’s stock valued at $82,910,000 after purchasing an additional 33,056 shares during the last quarter. Finally, Turning Point Benefit Group Inc. boosted its stake in Invesco NASDAQ 100 ETF by 19.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 14,020 shares of the company’s stock valued at $3,546,000 after purchasing an additional 2,314 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.9%

Shares of QQQM opened at $274.90 on Friday. The company has a market cap of $82.46 billion, a price-to-earnings ratio of 31.95 and a beta of 1.19. Invesco NASDAQ 100 ETF has a 12 month low of $196.36 and a 12 month high of $275.33. The business’s fifty day simple moving average is $251.52 and its two-hundred day simple moving average is $252.78.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis 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.